Franklin advises Numericable Group in its buyout of Virgin Mobile
The French Competition Authority cleared Numericable Group’s (Altice’s subsidiary) takeover of Omer Telecom Limited (who operates the MVNO Virgin Mobile) on November 27, 2014.
This deal follows the recent buyout of SFR (cleared on October 30, 2014) and strengthens Numericable Group’s position in the mobile telephony sector.
While the clearance of SFR’s takeover by Numericable Group, after an in-depth analysis, was subject to the compliance with several structural and behavioural remedies, the buyout of Virgin Mobile has been cleared without commitments.
As for SFR’s takeover, Numericable Group and Altice were advised by Franklin (Jérôme Michel, partner) and Bird & Bird (Julie Catala-Marty, partner, and Christophe Nusbaumer, associate)). The seller was assisted by Herbert Smith Freehills (Sergio Sorinas, partner).