Orange could be lining up France's Treasury chief, Ramon Fernandez, as its next chief financial officer, reports say, as CEO Stéphane Richard looks for new blood to help him improve the company's competitive position during his second term in office.
Virgin Mobile has become the latest operator to launch LTE services in France, dubbing itself the first "full MVNO" to offer LTE in the market.
I read today that Wally Olins, described as the man who rebranded British Telecom as BT, has died at the age of 83. According to the report in the Guardian, Olins was also "an integral part" of the launch of the Orange brand, and was generally described as the "world's leading practitioner of branding and identity". Yet no brand is irreplaceable it seems, and indeed the European mobile brand landscape has been subtly changing in recent months.
Vivendi said over the weekend that comments made in an interview with Le Figaro by Martin Bouygues about the process to select a buyer for SFR represented a "one-sided" version of the events and refused to enter into a debate with the CEO of the Bouygues Group.
The proposed €17 billion ($23 billion) deal to merge Numericable with SFR to create a new fixed and mobile powerhouse in France will come under the regulatory scrutiny of France rather than the European Commission. At the same time, the French government said it will continue to pursue consolidation in the telecoms sector and has asked Orange to seek alliances in Europe.
Vivendi's decision this week to sell French telecoms unit SFR to Altice in a deal worth around €17 billion ($23 billion) opens up questions about the future of Bouygues Telecom, with market watchers continuing to predict that the company will end up in the arms of rival Iliad.
Vivendi ended speculation over the future of its French telecoms business SFR, announcing over the weekend that it will sell the unit to cable and telecoms company Altice and its French cable unit Numericable for a total value of €17 billion ($23 billion).
Bouygues tendered a third bid to acquire rival French mobile operator SFR on Friday--the day the board of SFR parent Vivendi board is expected to vote on a competing offer from Altice after three weeks of exclusive negotiations with the company.
In the battle for the hand of French operator SFR, Bouygues has redoubled its efforts to attract Vivendi's attention away from rival Altice by extending both its original and its improved offer to April 25, and also presenting a break-up fee of €500 million ($689 million) should any eventual merger of Bouygues Telecom and SFR fail to complete for regulatory reasons.
Belgacom has formally agreed to sell 100 per cent of its Telindus France unit to Vivendi for €95 million ($131 million), concluding a process that was announced by the two companies on February 13.