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Bouygues Telecom shareholder JCDecaux backs SFR deal

Reuters

PARIS (Reuters) - Bouygues Telecom shareholder JCDecaux Holding said on Friday that it supports the telecom group's bid for rival Vivendi's (PAR:VIV) SFR.

Bouygues (PAR:EN) on Thursday unveiled a 10.5 billion euro (8.66 billion pounds) cash offer for SFR, which would leave Vivendi with 46 percent in the new company, which would be spun off.

JCDecaux Holding, 100 percent owned by the Decaux family and majority shareholder of outdoor advertising group JCDecaux (PAR:DEC), owns 9.5 percent of Bouygues Telecom.

(Reporting by James Regan; Editing by Leila Abboud)