SFR to Invest EUR1.5-EUR1.6 Billion in 2013 - Report

Date : 01/07/2013 @ 3:06AM
Source : Dow Jones News
Stock : Vivendi SA Eur5.50 (VIV)
Quote : 18.615  0.0 (0.00%) @ 12:15AM
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SFR to Invest EUR1.5-EUR1.6 Billion in 2013 - Report

Vivendi SA Eur5.50 (EU:VIV)
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SFR, Vivendi SA's (VIV.FR) telecom business, will invest 1.5 billion euros ($1.99 billion) to EUR1.6 billion in its network in 2013, said a company senior executive in an interview with French business daily Les Echos published Monday, despite the increasing competition and price pressure in the market.

"Of course, we will continue to reduce costs and increase our operational efficiency," said head of networks and information systems Pierre-Alain Allemand. "But we have no choice but to invest, as we face two technology breakthroughs, mobile 4G and optical fiber."

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