Numericable, Valvision sign merger agreement

31 Oct 2013

Numericable, France’s leading cable broadband operator by subscribers, has signed a merger agreement with French internet service provider (ISP) and cable network operator Valvision, valued at EUR4.966 million (USD6.827 million). According to a company’s press release, following the merger, which has taken effect retroactively from 1 January 2013, Valvision will transfer all of its assets to Numericable. The reorganisation is due to ‘a need for legal, accounting and financial simplification, as well as an objective rationalisation.’

France, Altice France (SFR)