PRINT THIS PAGE Cinven in exclusive talks to buy cable units11/08/2004. Source: AltAssets. 
 Cinven and Luxembourg-based cable operator Altice One Group have entered into exclusive negotiations with France Telecom and Vivendi Universal to buy their cable television business. The transaction has been valued at around E500m.
France Telecom and Vivendi had combined debts of over E100m in 2002 and as a result have been selling assets and cutting their losses in underperforming business areas over the past 18 months.
Together, France Telcom and Vivendi's cable units would have 1.7m subscribers. The transaction is expected to be completed by October this year, according to the Financial Times.
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