Welcome!

Login Register
< > Flirtomatic app introduces 'time travel' ... Tap Tap Revenge goes Android

Vodafone sells SFR stake to Vivendi

Tim Green
Vodafone sells SFR stake to Vivendi

Offloads its 44 per cent stake in the French network for 7.75 billion euros.

In the noughties, Voda bought up as many opcos as it could to become the world's biggest carrier.

Now it's getting rid of some of them or 'realising maximum value from our non-controlled assets' as the official statement says.

In the case of SFR it says it will maintain its French presence via 'a partnership agreement which will allow us to continue to deliver compelling cross-border services to both consumer and enterprise customers.'

It is returning £4bn from the sale to its shareholders increasing its buy-back programme to £6.8bn.

Advertisement

Tags: vodafone , france , sfr , vivendi , M&A

Add a new comment

You need to be logged in to post comments. If you do not have an account then please register.

Comments

0 comments

There are no comments yet, be the first to add one!