Vivendi looking to unload SFR mobile unit: report

October 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: Briefs: French wireless firms fined for collusion

Related Stories

GE, Vivendi talks over NBC Universal stretch on

November 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 price.

GE, Vivendi deal paves way for NBC sale to Comcast

December 1, 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 industry.

Universal takes over EMI recorded music unit

November 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), Vivendi said ...

Recommended for you

0 comments

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.