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Vivendi closes GVT sale, gets Telecom Italia stake
2015-05-30 07:25:59| Telecom - Topix.net
Vivendi SA on Friday said it has completed the sale of its Brazilian telecom unit GVT to Telefonica SA a move that will add another cash pile to its already large money reserve and make the French group a significant shareholder in Italian telecom company Telecom Italia SpA Vivendi will in coming weeks own 8.3% of Telecom Italia's capital, which was part of the deal as agreed with Telefonica last September. Vivendi said it will receive 4.2 billion euros in cash, before tax, and get a 12% stake in Vivo, Telefonica's Brazilian unit merged with GVT.
Tags: sale
italia
telecom
closes
Vivendi completes Numericable-SFR stake sale to Altice
2015-05-07 02:00:00| Total Telecom industry news
French cableco to cancel half of the newly-acquired shares after transaction closes.
Tags: sale
stake
completes
vivendi
Vivendi considering takeover bid for Sky - report
2015-04-08 09:13:00| Telecompaper Headlines
(Telecompaper) French media conglomerate Vivendi is looking at a potential acquisition of European pay-TV group Sky as one of several options to increase the reach of its Canal Plus pay-TV subsidiary, three people familiar with the matter told Reuters. Vivendi started looking at Sky after reviewing smaller pay-TV targets in Turkey and other European markets. Deliberations are at an early stage and Vivendi has not decided whether to make an offer. Sky, which has operations in the UK, Ireland, Germany, Austria and Italy, has a market value of GBP 17.6 billion, but could cost up to GBP 28 billion, including a 25 percent share-price premium and GBP 6.3 billion of debt. Vivendi will have an estimated EUR 15 billion of cash after it closes the pending disposal of telecom subsidiaries. It had EUR 4.6 billion of net cash at the end of last year. None of the companies mentioned would comment on the matter.
Vivendi denies interest in Sky
2015-04-08 02:00:00| Total Telecom industry news
Report claimed French media conglomerate was mulling a move for U.K.-based pay TV provider in a bid to extend reach the of Canal Plus.
Tags: interest
sky
denies
vivendi
Orange, Vivendi enter exclusive talks for 80% of Dailymotion
2015-04-07 20:51:00| Telecompaper Headlines
(Telecompaper) Orange and Vivendi have entered into exclusive negotiations regarding Vivendi's acquisition of 80 percent of video portal Dailymotion for EUR 217 million, corresponding to a EUR 265 million enterprise value for Dailymotion. Orange will keep 20 percent in the company. For Orange, which has accompanied the successful development of Dailymotion since 2011, this operation meets the group's ambition to bring Dailymotion together with a strategic content-focused partner that is capable of giving it the means to accelerate its growth and to turn it into one of the world's largest content distribution platforms. The operator will use its 20 percent holding to accelerate Dailymotion's international growth and to enhance its content offer. Orange will use the proceeds of this transaction to finance and reinforce its efforts in the digital ecosystem. For Vivendi, the acquisition of 80 percent of Dailymotion represents an important step forward in its effort to create a global group and French champion in the media and content industries.
Tags: of
enter
orange
exclusive
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