Vivendi looking to unload SFR mobile unit: report

Oct 15, 2012

French media and telecom group Vivendi is in talks to merge its embattled mobile and internet unit SFR with cable operator Numericable, news media reported.

According to the Journal du Dimanche on Sunday, Vivendi and Numericable have been in talks for weeks on a deal that would give France a mobile and high-speed and greatly dilute Vivendi's stake in SFR.

Vivendi has been looking for months to reduce its exposure to the French , a once profitable business thrown in disarray by the arrival of low-cost operator Free in January.

The Journal du Dimanche reported that Vivendi was considering other ways to divest itself of SFR including a sale to former partner Vodafone and a full-blown share spin-off.

The reports sent shares in Vivendi rising sharply on Monday. In morning trading, shares were showing a gain of 2.68 percent in a Paris market up 1.02 percent.

Explore further: Judge approves $450 mn deal in Apple ebook suit

add to favorites email to friend print save as pdf

Related Stories

GE, Vivendi talks over NBC Universal stretch on

Nov 20, 2009

(AP) -- A deal for Comcast Corp. to buy a controlling stake in NBC Universal and create one of the most powerful media companies in the world is taking longer than expected as the current owners tussle over ...

GE, Vivendi deal paves way for NBC sale to Comcast

Dec 01, 2009

(AP) -- General Electric Co.'s agreement to buy out the rest of NBC Universal paves the way for it to sell control of the TV and movie company to Comcast Corp. in a deal that promises to reshape the entertainment ...

Universal takes over EMI recorded music unit

Nov 11, 2011

Universal Music Group and its parent company French giant Vivendi will buy the recorded music division of British music label EMI from US bank Citigroup for £1.2 billion (1.4 billion euros, $1.9 billion), ...

Recommended for you

Dish restores Turner channels to lineup

Nov 21, 2014

Turner Broadcasting channels such as Cartoon Network and CNN are back on the Dish network after being dropped from the satellite TV provider's lineup during contract talks.

'Call of Duty' blasts past $10 bn in sales

Nov 20, 2014

Blockbuster military shooter video game "Call of Duty" has blasted past $10 billion in lifetime sales, propelled by demand for the latest installment in the 11-year-old franchise.

Square's point-of-sale service goes global

Nov 20, 2014

Financial services startup Square is taking aim at cash registers across the globe, making its point-of-sale software available internationally in English, Spanish, French and Japanese.

User comments : 0

Please sign in to add a comment. Registration is free, and takes less than a minute. Read more

Click here to reset your password.
Sign in to get notified via email when new comments are made.