Fourtou: Vivendi could spin off media arm, retain SFR

Vivendi could retain control of telecom group SFR and spin off its more profitable media arm – comprising not only Canal+ and Universal Media Group but also Brazilian telco GVT, according to chairman Jean-René Fourtou.  Interviewed by French daily Le Monde, Fourtou said that a sale of SFR in current market conditions was not on […]

Vivendi teams up with EchoStar for Brazilian pay TV plan

Vivendi’s Brazilian telecom subsidiary GVT has formed a partnership with EchoStar Technologies to create a pay TV joint venture in Brazil.  The pair plan to create an entity that could be a major player in the competitive Brazilian pay TV market ahead of the World Cup in 2014 and the Olympic Games two years later. […]

Vivendi hit by legal delay to Activision Blizzard sale

Vivendi has been hit by a delay in its sale of video games subsidiary Activision Blizzard by a US legal challenge. The delay results from a successful legal action brought by a shareholder in the games company against Activision Blizzard, Vivendi and the investment consortium led by Activision Blizzard CEO Bobby Kotick and co-founder Brian […]

Vivendi to assess splitting the business

French media and telecoms giant Vivendi is launching a study into whether to split the business in two – separating off telecoms group SFR from a new international media group. Vivendi said that the demerger “would create significant value to shareholders” as they would be able to invest in two clearly differentiated businesses, operating in […]

Canal+ sees boost from D8 but hit by ad market

The consolidation of former Bolloré-owned free-to-air channels D8 and D17 and the merger between Polish pay TV unit Cyfra+ with rival ‘n’ to form nc+ boosted Canal+ Group’s top line for the first half, but the group’s EBITA was hit by content costs and a softening of the advertising market.  The Vivendi-owned pay TV operator […]

Vivendi to sell Maroc Telecom stake to Etisalat

Vivendi has entered into exclusive negotiations with UAE telco Etisalat for the sale of its majority stake in Maroc Telecom. Etisalat is offering MAD92.6 (€8.29) a share for the operator, giving Vivendi potential cash proceeds of €4.2 billion. Taking account of the net debt of Maroc Telecom, the deal places an enterprise value of €4.5 […]

SFR names new chief

Vivendi-backed French ISP SFR has named Jean-Yves Charlier as its new chief executive. Charlier, who replaces Stéphane Roussel in the role, will head an executive committee comprising networks, information systems and operations chief Pierre-Alain Allemand, business team head Pierre Barnabé, finance and strategy chief Sandrine Dufour, previously deputy director of finance at Vivendi, secretary-general Olivier […]

Lagardère declares himself “ready to buy” Canal Plus France

Lagardère boss Arnaud Lagardère has said he could be prepared to buy the 80% of Canal Plus France held by Vivendi if the latter “lacks optimism about the future” of the pay TV group. In an interview with Le Monde ahead of his company’s annual general meeting today, Lagardère said he was ready to study […]

Vivendi approves board changes

French media and telecoms group Vivendi’s annual shareholders’ meeting has approved the appointment of five new members of the group’s supervisory council. The new members are Vincent Bolloré, Pascal Cagni, Yseulys Costes, Alexandre de Juniac and Nathalie Bricault. The shareholders’ meeting also approved an increase in the annual dividend amounting to €1 per share, to […]

Charlier reportedly to take over at SFR

Vivendi is expected to name Jean-Yves Charlier as the new CEO of telco SFR, according to a report in financial daily Les Echos. According to Les Echos, which did not specify its sources, the appointment of Charlier, currently deputy CEO in charge of telecoms at Vivendi, will replace Stéphane Roussel, who will retain the role […]