The CEO of French media and communications group Vivendi is considering sweeping cuts in the operating expenses of its wireless operator subsidiary SFR. A report from Bloomberg, which cites Vivendi insiders, claims that Jean-Bernard Levy is looking at a EUR350 million (USD437 million) reduction in SFR’s operating expenses in 2013, on top of an already announced EUR450 million cut which has been budgeted for this year. The proposals are due to be put before union representatives next week.
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OVETEL Vivendi plans further cuts at SFR
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