Numericable SA’s proposed merger with SFR, the French phone carrier owned by Vivendi SA, would probably avoid a lengthy antitrust challenge because of little overlap in businesses, people familiar with the matter said.
Numericable SA and its shareholder Altice SA are preparing an offer valued at about $20 billion to merge with Vivendi SA’s French telecommunications unit SFR, according to a person familiar with the matter.
Capita Plc rose the most in nine months after the provider of services to companies such as Telefonica SA’s O2 division in the U.K. forecast “buoyant” sales as technology and property businesses respond to an economic recovery.
Telefonica SA, Spain’s largest phone company, announced a 1.5 billion-euro ($2.1 billion) cost- savings program and an extensive reorganization that will give Chief Operating Officer Jose Maria Alvarez-Pallete greater executive responsibilities.
Telefonica Czech Republic AS, majority owned by billionaire Petr Kellner, said fourth-quarter profit rose 11 percent as a one-time gain from network sharing offset a revenue decline. The net beat analysts’ estimates.