SFR looks to follow Eircom with $2.4bn refinacing

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SFR looks to follow Eircom with $2.4bn refinacing

Max Bower
October 13, 2016 02:30 PM
SFR
Two logos of French mobile operators, SFR, and Bouygues, are displayed above the entrance of a telephone store in Aix les Bains, southern France, Thursday, March 6, 2014. French conglomerate Bouygues is offering euro10.5 billion ($14.4 billion) for control of mobile operator SFR telecommunications, entering a bidding war for the Vivendi unit. Bouygues said Thursday its offer to combine SFR with Bouygues Telecom would create a new number one mobile operator in France, leapfrogging current market leader Orange. (AP Photo/Lionel Cironneau) | Lionel Cironneau/AP

French telecoms firm SFR launched a $2.4bn-equivalent refinancing with a lender call on Tuesday afternoon, aiming to lower margins by as much as 100bp despite a poor performance this year, while Eircom closed its repricing on Wednesday evening.

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