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General

Vivendi may wait until April to announce any sell-off

Monday 17 December 2012 | 13:35 CET | News
Vivendi could wait until its AGM at the end of April to announce any concrete conclusions of its strategic review, group chairman Jean-Francois Dubos told Les Echos. Vivendi is not under pressure as it is solid and profitable, he said. Dubos reiterated that a review of telecoms assets was underway (SFR, GVT, Maroc Telecom) but that there were no plan to divest any media or content assets (Activision, Universal Music, Canal Plus). Lower margins and higher taxes in French telecoms are pushing the segment to a necessary restructure, Dubos said, adding that Vivendi was well positioned to leverage the anticipated growth from the new digital ecosystem with content and distribution, but had less room for manoeuvre, financially, than companies like Google, Apple, Facebook and Amazon. Dubos thinks Vivendi is worth EUR 20 billion.

Categories: General
Companies: Canal Plus / GVT / Maroc Telecom / SFR / Universal Music / Vivendi
Countries: World
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