0
General

Altice faces legal action from SFR minority shareholder

Monday 19 June 2017 | 11:30 CET | News
Asset management company CIMA (Charity & Investment Merger Arbitrage) has started legal action against Altice for misuse of corporate assets with regard to its subsidiary SFR, in which CIMA is a minority shareholder, reports Les Echos. The case, which will be heard by the Tribunal de Grande Instance in Paris, centres on the decision by Altice to make SFR liable for the entirety of the EUR 80 million fine inflicted on the group in November 2016 for 'gun-jumping' practices. CIMA filed a complaint arguing that half of the fine should be incurred by Altice.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Altice / SFR
Countries: France
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Altice ups stake in SFR to 95.9%, plans new buyout offer

Published 10 Aug 2017 09:44 CET | France
Altice has further increased its stake in SFR, holding 95.9 percent of the share capital and voting rights. In September, the ...

Altice announces single brand for operations worldwide

Published 23 May 2017 14:21 CET | World | Update: 24 May 2017 10:01 CET
Altice has announced plans to rebrand its telecom operations worldwide, changing its consumer-facing identity to Altice by ...

Altice loses appeal against block to SFR buyout offer

Published 16 Mar 2017 09:33 CET | France
The Paris Court of Appeal has confirmed the decision taken by the French stock market regulator, AMF, blocking the buy-out offer ...

Altice increases SFR stake to 84%

Published 14 Dec 2016 11:08 CET | France
French stock market regulator the AMF has confirmed that Altice now holds 84.0 percent of SFR Group's equity and 90.31 percent of ...

Altice to pay EUR 80 mln competition fine for SFR takeover

Published 08 Nov 2016 11:30 CET | France
Altice has reached a settlement with the French Competition Authority, agreeing to accept a fine of EUR 80 million for ...

SFR considers office move for telecoms operations – report

Published 10 Oct 2016 10:01 CET | France
SFR's telecoms operations could be relocated from their existing headquarter to a new location south of Paris, reports Les Echos ...

Stock market regulator blocks Altice buyout offer for SFR

Published 05 Oct 2016 09:42 CET | France
French stock market regulator AMF (Autorite des Marches Financiers) has ruled against Altice's public exchange offer for its ...





< 95%
TV connection per household penetration drops below 95%
Netherlands  |  2017Q1