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Vivendi studies feasibility of SFR spin-off

2013-07-29 08:59:00| Telecompaper Headlines

(Telecompaper) French telecom and entertainment conglomerate Vivendi has launched an internal feasibility study into how to spin off its French telecom subsidiary, SFR, without upsetting the group's credit rating or causing a fall in its share price, the Wall Street Journal reports. People familiar with the matter said such a deal could happen as early as autumn 2014. "De-consolidating SFR from the business would probably create value", said Vivendi CFO Philippe Capron said in a conference call with analysts after the group announced a deal to sell most of its stake in video game company Activision Blizzard. Capron added that a possible spin-off of SFR would be considered by the board "in due time".

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