Printed from http://www.electronista.com

Vivendi buys Vodafone's remaining stake in SFR

updated 06:35 pm EDT, Sun April 3, 2011

Vivendi buys Vodafone stake in SFR

France's Vivendi said on Sunday that it was buying Vodafone's 44 percent share of SFR. The deal, worth 7.95 billion Euros ($11.32 billion), gives it complete control of the carrier. It and Vodafone will keep running SFR as a joint venture for three years, after which Vodafone would have to either talk to another provider or enter on its own.

The company didn't outline how service would change for subscribers other than that it would help SFR "focus further on profitable growth and innovation." It would at least be a benefit for share owners as Vivendi planned to raise the dividend paid out, encouraging more investment and a better cash position.

Government approval is expected sometime in June.

SFR may get a significant boost from the buyout. It has typically been smaller than market leader Orange and has had to fight against Bouygues Telecom as well. The move could also lead to more independence rather than following Vodafone's global strategy. [image via iPhon.fr]



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Dell AD211 Bluetooth speaker

For all of the high-priced, over-engineered Bluetooth speakers in the electronics market, there is still room for mass-market solution ...

VisionTek 128GB USB Pocket SSD

USB flash drives dealt the death blow to both the floppy and Zip drives. While still faster than either of the old removable media, sp ...

Kodak PixPro SL10 Smart Lens Camera

Smartphone imagery still widely varies. Large Megapixel counts don't make for a good image, and the optics in some devices are lacking ...

Sponsor

toggle

Most Commented

 
toggle

Popular News