SFR to save €200 million through network sharing agreement
French operator SFR is expecting to save approximately €200 million a year from its network sharing agreement with Bouygues Telecom, after it begins in 2017-2018.
The company’s CEO Jean Yves Charlier said in the initial years of the deal, the companies will be required to spend hundreds of millions in taking down mobile antennas, but savings would eventually materialise.
A Bouygues Telecom spokesperson said the deal will save the company approximately €100 million.
Charlier also said SFR is planning to list in the stock market in early July. He told reports that the company is “well advanced in the spin-off process”.
Vivendi, SFR’s parent company, is selling its stake in Activision and Maroc Telecom as part of a strategy to cut costs, following SFR’s struggles in competing with low-cost operator Iliad in the French market.