SFR to Invest EUR1.5-EUR1.6 Billion in 2013 - Report
January 07 2013 - 03:06AM
Dow Jones News
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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