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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.

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. .

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Vivendi appoints Havas COO Philippe as CFO

2013-12-16 08:56:00| Telecompaper Headlines

(Telecompaper) French media and telecom group Vivendi has appointed Herve Philippe as CFO, effective 1 January 2014. Previously CFO and COO at Havas, Philippe began his career with Credit National bank in the early 1980s, handling business loans in the Ile-de-France region. After eight years at the Paris stock market regulator COB, he joined Sagem as director of legal and administrative affairs. Philippe was hired by Havas in November 2005 and was appointed CFO in May 2010. The appointment shows the growing influence of shareholder Vincent Bollore at Vivendi, following his appointment as chairman from next year. Bollore owns 37 percent of Havas and was chairman of the French publisher until early this year.

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