European stocks were little changed, with the Stoxx Europe 600 Index advancing for a seventh week, as a better-than-expected report on U.S. business activity offset consumer-confidence data that missed forecasts.
Vivendi SA chose to sell its SFR mobile unit to Altice primarily for regulatory reasons, Chief Executive Officer Jean-Rene Fourtou tells Les Echos. *Fourtou says SFR-Bouygues entity wouldn’t have passed regulatory test with 47% of the market *Fourtou says Bouygues’s offer would have posed a risk for up to 6,000 jobs *Fourtou says Altice offers growth potential for both companies with synergies of cable and mobile. The offers doesn’t pose a risk for jobs, he tells Les Echos. *Related story: NSN N3MKFZ6KLVRF <GO>