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Numericable posts third-quarter loss on SFR takeover costs

Published 27/10/2014, 07:53
© Reuters General view of the logo above a store of French cable operator Numericable in Paris
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PARIS (Reuters) - Cable operator Numericable swung to a third-quarter loss because of costs related to its planned takeover of Vivendi's SFR mobile business and said it still hoped to complete the acquisition by the end of the year.

It posted a net loss of 94.4 million euros (74.4 million pounds) in the three months to Sept. 30, against a year-earlier profit of 12.8 million. Sales rose 4 percent to 331.7 million.

Numericable added that the acquisition of SFR was on schedule. The French competition watchdog said on Friday that it planned to announce on Monday whether it will approve the SFR deal.

© Reuters. General view of the logo above a store of French cable operator Numericable in Paris

(Reporting by James Regan; Editing by Andrew Callus)

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