October 3, 2006: SFR buys out the fixed telephony and broadband activities of Télé 2 France

 Download the press release: English / French

Press release

3rd October 2006

SFR buys out the fixed telephony and broadband activities of Télé 2 France

SFR has signed an agreement with the Télé2 AB Group to acquire the fixed telephony and broadband activities of Télé2 France for a corporate value of around €350 million; the mobile phone activity (MVNO) is maintained and directly taken over by the Télé 2 AB Group.

This operation will be submitted for approval by the French anti-trust authorities.

As part of this operation, SFR acquires almost 300,000 broadband customers and 3 million fixed voice customers that could potentially move towards broadband deals. Sales for these activities reached €260 million in the first half of 2006.

While maintaining mobility as its core business, this takeover falls in line with SFR’s “mobile centric” strategy which consists in offering each individual greater continuity and customisation in telecommunications services. This is in a context where mobility and the Internet will remain the driving forces behind growth in the sector over the next few years and where constantly growing mobile usages will be naturally extended to the Internet. The acquisition of Télé 2 France will allow SFR to develop in this area.










About SFR
With 17.4 millions customers and 8,000 employees, SFR is the second leading mobile telecommunications player in France and the leader in terms of net sales (new customers) since 2003. Owing its own GSM/GPRS and UMTS/HSDPA network, SFR develops complete mobile telephone deals, multimedia services and mobile data solutions for individuals, professionals and companies. A benchmark operator in new mobile uses , SFR has launched the first 3G and 3G+ services on the French market and has 1.5 exclusively 3G customers. SFR is also present in the fixed telecommunications market with a 40.67% stake in neuf cegetel, the leading alternative operator on the French market. SFR has a stable shareholder base with two major shareholders: Vivendi (56 %) and Vodafone (44%).