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SFR to buy 49% of NextRadioTV for EUR 370 mln

2016-04-27 11:07:00| Telecompaper Headlines

(Telecompaper) French mobile and broadband operator Numericable-SFR has announced plans to buy parent company Altice's 49 percent stake in media company NextRadioTV in an operation valuing NextRadioTV at UDS 741 million. The move approved by SFR's board is a key part of SFR's ambition to become a cross-media publisher with a very diversified portfolio of premium brands, accelerating its deployment of "globally convergent telecom-media/content and advertising." Separately, AFP writes that SFR will launch five pay sports channels produced by NextRadioTV. 

Tags: buy eur mln sfr

Category:Telecommunications

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