Vivendi

Vivendi agrees Brazilian exit

French conglomerate Vivendi said Friday that it has finally agreed a deal for the sale of its wholly owned Brazilian operation, GVT, to European carrier Telefónica. The agreement, signed Thursday, includes a payment of €4.66bn in cash.

Telefónica to part with Telecom Italia after GVT purchase

Telefonica has announced it will completely exit from Telecom Italia once its deal to acquire GVT from Vivendi, as agreed last week, is finalised. This means an end to a period of tense relations between the Spanish and Italian operators as they have battled over the Brazilian arm of Vivendi, and the chance to create a stronger local unit to compete in the Brazilian market.

Telecom Italia reportedly mulls GVT bid

Telecom Italia has reportedly initiated talks with Vivendi, in a bid to counter Telefónica’s bid for the latter’s Brazilian asset GVT, that could see Vivendi take a stake in either Telecom Italia or Telecom Italia Media, writes Digital TV Europe.

Telefonica moves on Brazilian ISP GVT

Telefónica and its Brazilian subsidiary on Tuesday submitted an offer to merge with Brazilian ISP Global Village Telecom (GVT) for around €6.7bn and a 12 per cent stake in the share capital of the new entity. GVT is owned by French conglomerate Vivendi.

Etisalat offloads African operations to Maroc Telecom

Emirates-based Etisalat has signed an agreement to sell its holdings in Benin, the Central African Republic, Gabon, the Ivory Coast, Niger and Togo, to Maroc Telecom for $650m. The units all operate under the Moov brand but the agreement also covers Ivory Coast-based IT services provider Prestige Telecom.

Etisalat funds Maroc Telecom takeover

French conglomerate Vivendi looks set to continue its offloading of telecom interests after Emirates-based Etisalat announced that it has secured funding to buy the French firm out of Maroc Telecom. Etisalat signed a share purchase agreement for the acquisition of Vivendi’s 53 per cent stake in the Moroccan operator back in November.

Vivendi accepts Altice’s offer for SFR

French conglomerate Vivendi has accepted investment vehicle Altice’s offer for its mobile operator subsidiary SFR. Under the terms of the offer SFR will merge with Altice subsidiary and cable operator Numericable and Vivendi will receive €13.5bn for SFR as well as a 20 per cent stake in the new merged entity. The firm estimates the total value of the offer at around €17bn.

Bouygues extends SFR purchase offer

French operator Bouygues Telecom has extended its offer to acquire rival SFR by 17 days in a bid to prevent the company being sold to cable operator Altice.

Bouygues ups offer for SFR again

French operator Bouygues Telecom is not admitting defeat in its pursuit to acquire rival SFR, having again increased the cash part of its offer to parent group Vivendi. The offer now stands at €13.15bn.

Vivendi cosies up to Altice for SFR sale

French conglomerate Vivendi has entered into exclusive negotiations with cable company Altice over the sale of mobile operator SFR. The move rebuffs an alternative proposal from rival operator Bouygues Telecom.

Bouygues increases offer for SFR

French operator Bouygues Telecom has submitted an improved offer to conglomerate Vivendi to take ownership of rival SFR.

Vivendi confirms plans to demerge SFR

The board of French multimedia group Vivendi has unanimously voted to demerge its mobile operator business SFR, following a formal study launched in September this year.

Vivendi reveals plans to demerge SFR

French group Vivendi has revealed plans to demerge its mobile operator subsidiary SFR. The group said SFR would gain greater freedom on strategy and developing partnerships as a result of the demerger.

Ovum view: Investors to gain more than Vodafone from Verizon sale

On September 2, 2013, Vodafone and Verizon announced that they had reached an agreement for Vodafone to sell its 45 per cent stake in Verizon Wireless back to Verizon for $130bn. Ovum believes that the deal is good for both parties, but that the decision to return 65 per cent of the proceeds from the sale back to shareholders is short-sighted. It may make Vodafone CEO Vittorio Colao popular, but we don’t believe that he will have enough left to future proof the business.

Vodafone sells SFR stake to Vivendi for €7.95bn

International operator Vodafone has announced that it is to sell its 44 per cent stake in French carrier SFR to its partner in the operation, Vivendi, for €7.95bn. Vivendi will pay €7.75bn in cash, with a final dividend from SFR of €200m paid on completion of the deal. The move is the latest in a planned series of divestments as Vodafone exits markets in which it does not have majority ownership.

Vivendi looks to Brazilian acquisition

French conglomerate Vivendi has launched a €2bn offer for 100 per cent of Brazilian fixed line carrier GVT, giving it access to a wide range of services for the Latin American market, including VoIP telephony, corporate data, broadband, internet services and pay TV.

Vivendi calls off talks with Zain

French conglomerate Vivendi has called off its talks with Kuwait-based Zain, over the acquisition of the operator’s African assets.

Vivendi confirms interest in Zain Africa

French conglomerate Vivendi has ended weeks of speculation with the confirmation that it is in talks to acquire a majority stake in Zain’s African operations.

Zain fuels African sale rumours

Speculation that aspiring global carrier Zain is looking to sell off its African portfolio was fuelled further this week, after it emerged that Swiss bank UBS has been appointed to help the firm assess its operations.

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