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Numericable advantage

29 October 2014 By Quentin Webb

Patrick Drahi’s Numericable has launched a 4.7 bln euro rights issue to help fund the takeover of French telecoms rival SFR. The harder work will come once the cash is in. Numericable has to find 10 bln euros in promised synergies and cope with stiffer competition from Bouygues.

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