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Vivendi Q4 revenues down 4.6% on SFR, forex effects
2014-02-25 12:14:00| Telecompaper Headlines
(Telecompaper) Vivendi reported a 4.6 percent drop in fourth-quarter revenues to EUR 5.95 billion, as its French telecom operator SFR continued to suffer from tough competition. Canal Plus increased sales 7.2 percent to EUR 1.45 billion, while SFR revenues were down 7.1 percent to EUR 2.58 billion. Universal Music posted a 9.3 percent drop in sales to EUR 1.49 billion, and Brazilian operator GVT's revenues fell 5.1 percent to EUR 412 million, with both units hurt by negative forex effects. Vivendi's adjusted EBITA was up 1.0 percent to EUR 312 million, helped by lower operating costs and a reduction in restructuring charges. Adjusted net profit improved to EUR 292 million from EUR 105 million a year earlier, following the sale of most of its games unit Activision Blizzard. Maroc Telecom, which is planned for sale to Etisalat, is excluded from the net result. On a reported basis, the net result improved to a profit of EUR 556 million versus a loss of EUR 1.48 billion a year ago. This includes EUR 2.92 billion from the Activision sale, offsetting impairment charges of EUR 2.43 billion on SFR. Vivendi reduced net debt to EUR 11.1 billion at year-end, compared to EUR 13.4 billion in 2012, thanks to divestments. The company reiterated its intention to focus on the media and content market and said it's pursuing all potential opportunities to participate in consolidation in the French telecom market.
Tags: effects
revenues
forex
sfr
Vivendi eyes 7bn in loans for SFR spinoff
2014-02-06 01:00:00| Total Telecom industry news
French conglomerate reportedly in negotiations with 16 banks to finance telco split.
SFR, Bouygues agree on network-sharing venture
2014-02-03 09:17:00| Telecompaper Headlines
(Telecompaper) Bouygues Telecom and SFR have reached an agreement on sharing network infrastructure. The French mobile operators first announced in July 2013 talks on the matter and have now struck a deal. The shared infrastructure will target 57 percent of the population, those living outside the 32 biggest cities in France, providing them with better indoor and outdoor coverage and higher quality of service. SFR and Bouygues will set up a joint venture company to run the shared infrastructure. The agreement covers the radio sites and equipment for 2G, 3G and 4G services. Each operator will continue run its own commercial and pricing strategy, as well as its own core network and frequencies. The aim is to complete the network integration by the end of 2017. French telecom regulator Arcep said it welcomed the agreement as a way to improve services to customers. Along with the competition regulator, it will examine the SFR-Bouygues deal in the coming weeks.
Tags: agree
venture
sfr
bouygues
Vivendi weighs SFR spin off, sale to Numericable - report
2014-01-21 10:07:00| Telecompaper Headlines
(Telecompaper) Vivendi is preparing to spin off French phone operator SFR as well as considering the company's sale to cable provider Numericable, whose biggest backer is invesment fund Altice. Vivendi and Numericable have discussed a deal for several months, but could not come to agreement on valuation. Bloomberg writes that SFR is valued at EUR 12 billion. The operator had 5.2 million broadband subscribers (xDSL, fibre) at the end of September 2012. Numericable had 1.7 million (co-ax, fibre). SFR also had 21.2 million mobile clients at the same date. .
Talk of Numericable buying SFR resumes
2014-01-21 01:00:00| Total Telecom industry news
French cableco's biggest investor is working on new push to consolidate European telco assets, sources say.
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