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

Date : 01/07/2013 @ 1:36PM
Source : Dow Jones News
Stock : Vivendi (VIV)
Quote : 17.585  -0.025 (-0.14%) @ 9:09PM
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SFR to Invest EUR1.5-EUR1.6 Billion in 2013 - Report

Vivendi (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."

Newspaper website: http://www.lesechos.fr

Write to Noemie Bisserbe at noemie.bisserbe@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

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