It's been long in the making, but a planned network-sharing agreement between Bouygues Telecom and SFR appears to be on track after the two companies reportedly signed an amendment to the original contract from January this year.
Numericable announced plans to raise its capital by around €4.7 billion ($5.9 billion) through a rights issue as the France-based cable operator seeks funding to help finance its €13.5 billion acquisition of SFR from Vivendi.
Orange produced better-than-expected results in the third quarter of 2014 as the France-based operator halted the pace of revenue decline and made progress with cost cutting.
Netflix is set to tighten its grip on the French market after Orange's CEO revealed the operator has become the second in the country to sign a direct content distribution deal with the U.S.-based video streaming company.
France's competition regulator L'Autorité de la concurrence has rejected calls by Orange to suspend a planned network-sharing agreement between Bouygues Telecom and SFR, saying the deal did not pose an immediate or serious threat to consumers or the sector.
Bouygues Telecom is reportedly set to reduce the planned number of layoffs by 112 people to 1,404 in total after discussions with employee representatives convinced the company's management that some positions should be saved.
Bouygues Telecom is the latest European operator to sign a deal offering customers direct access to Netflix, as the U.S. video streaming company continues its expansion in the region.
Bouygues Telecom reported a 29 per cent drop in core earnings in the first half of 2014, as the French operator continued to suffer from ongoing pricing adjustments on France's mobile telecoms market.
Orange may not yet be fully out of the woods, but the company remains confident that the race to the bottom in terms of pricing is coming to an end and is maintaining its EBITDA target for 2014.
France-based Altice said it is buying a 34.6 per cent stake in Numericable Group from Carlyle Cable Investments and Cinven, confirming plans that were originally announced on April 7 when Vivendi agreed to sell its French unit SFR to Altice.