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SFR to buy 49% of NextRadioTV for EUR 370 mln

Wednesday 27 April 2016 | 11:07 CET | News
French mobile and broadband operator Numericable-SFR has announced plans to buy parent company Altice's 49 percent stake in media company NextRadioTV in an operation valuing NextRadioTV at EUR 741 million. The move approved by SFR's board is a key part of SFR's ambition to become a cross-media publisher with a very diversified portfolio of premium brands, accelerating its deployment of "globally convergent telecom-media/content and advertising." Separately, AFP writes that SFR will launch five pay sports channels produced by NextRadioTV. 

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Categories: Broadcast & Satellite
Companies: Altice Europe / NextRadioTV / Numericable-SFR
Countries: France
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