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Vivendi to acquire 0.95% stake in Telefonica after GVT deal

2015-07-29 15:36:00| Telecompaper Headlines

(Telecompaper) Telefonica has announced that it has reached an agreement with French media conglomerate Vivendi to exchange 46.0 million of its treasury shares, representing 0.95 percent of its capital, for 58.4 million preferred shares in Telefonica Brasil, representing 3.5 percent of its Brazilian unit. Vivendi had acquired the shares in Telefonica Brasil as part of the sale of its Brazilian broadband unit GVT to Telefonica. In its statement to Spanish market watchdog CNMV, Telefonica said the share exchange remained subject to approval by the Brazilian competition authority (CADE). Vivendi also released a statement confirming the agreement, adding that "today's transaction reflects the group's intention to become more active in Europe and to pursue strategic partnerships there."

Tags: deal acquire stake telefonica

Vivendi closes 217m Dailymotion deal

2015-07-01 02:00:00| Total Telecom industry news

French media company completes acquisition of video-sharing platform from Orange.

Tags: deal dailymotion closes vivendi

Once more unto the breach, dear Vivendi

2015-06-26 02:00:00| Total Telecom industry news

French media conglomerate can't seem to shake its love of telecoms, and who can blame it?

Tags: dear breach vivendi

Vivendi becomes top Telecom Italia investor with 14.9% stake

2015-06-25 08:38:00| Telecompaper Headlines

(Telecompaper) French media conglomerate Vivendi has confirmed that it has increased its stake in Telecom Italia to 14.9 percent and replaced Telefonica as the Italian operator's largest shareholder. "This investment represents an opportunity for the group to be present and to expand in a market with significant growth prospects and a very strong appetite for quality content," said Vivendi, adding that it intends to support Telecom Italia over the long term. The French group said it had received 8.24 percent of Telecom Italia shares from Telefonica as part-payment for the sale of its Brazilian broadband unit GVT, which closed on 28 May. In addition, Vivendi raised its ordinary shares in Telecom Italia from a "recently purchased" 1.9 percent to 6.66 percent on 22 June, representing a global cash payment of around EUR 1 billion.

Tags: top italia investor telecom