Vivendi CEO does not rule out increasing TI stake in future

Vivendi is satisfied with its recently confirmed 14.9 per cent stake in Telecom Italia (TI) but may consider upping its holding in the future, Reuters reported. Speaking to reporters in Rome after a meeting with Italian industry minister Federica Guidi, …

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Vivendi takes 15% stake in TI as part of “pragmatic” strategy

Vivendi confirmed it has taken a 14.9 per cent stake in Telecom Italia (TI), so replacing Telefonica as the Italian incumbent’s largest shareholder. It received a stake of 8.24 per cent in TI in exchange for 4.5 per cent of …

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Vivendi set to announce increase in TI stake in coming days – report

French media group Vivendi is likely to announce as soon as 23 June or 24 June that it is raising its stake in Telecom Italia (TI) to 14.9 per cent and may also have secured two board seats, according to Reuters. …

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Vivendi wants TI to exit Brazil – report

In its new role as a significant shareholder in Telecom Italia (TI), Vivendi wants the operator to sell its Brazilian business, TIM Brasil, and focus on its home market and southern Europe, according to a Bloomberg report. Vivendi is set to up its …

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Telefonica plans $3.3B rights issue after Brazil subsidiary gets GVT go-ahead

Cade, Brazil’s competition watchdog, granted Telefonica Brasil conditional approval to buy broadband provider GVT, which was quickly followed by an announcement from parent company Telefonica Group that it will sell new shares to existing shareholders in order to raise €3 …

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Altice set to buy Numericable-SFR stake from Vivendi

Altice made a bid to acquire the 20 per cent stake in its French business (Numericable-SFR) held by Vivendi for €3.9 billion. Vivendi became a shareholder in the company when Altice acquired SFR, the integrated operator it previously owned. It …

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France sets date for 700MHz auction, targets proceeds of €2B-plus

An auction of frequencies in the 700MHz band is scheduled for late next year in France, with Free, the country’s latest entrant, tipped to lead bids for the 4G-friendly spectrum. The auction was announced by French prime minister Manuel Valls, …

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Vivendi closes €17B SFR sale

Vivendi has completed the €17 billion sale of SFR to Numericable, including a cash element of €13.37 billion. A portion of the proceeds is already earmarked for the purchase of French MVNO Virgin Mobile In fact, Vivendi is contributing €200 million …

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Vivendi agrees Brazilian exit

French conglomerate Vivendi said Friday that it has finally agreed a deal for the sale of its wholly owned Brazilian operation, GVT, to European carrier Telefónica. The agreement, signed Thursday, includes a payment of €4.66bn in cash.