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General

Vivendi completes SFR buyout

Friday 17 June 2011 | 10:59 CET | News
Vivendi and Vodafone announced the completion of Vodafone's sale of a 44 percent stake in French mobile and broadband operator SFR to Vivendi, giving the latter full ownership of SFR. Vodafone has received EUR 7.7 billion in cash (GBP 6.8 billion) and a final dividend from SFR of EUR 200 million. The two companies have also extended their commercial co-operation agreement for another three years along the terms of Vodafone's Partner Market programme. The UK-based mobile group said it would soon begin an associated GBP 4 billion share buyback programme. Vivendi added that the transaction was

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Categories: General
Companies: SFR / Vivendi / Vodafone
Countries: France
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