Vodafone prepared to sell SFR stake to Vivendi - report

Tuesday 12 January 2010 | 11:51 CET | News
Vodafone is "psychologically" prepared to sell its 44 percent stake in French operator SFR to Vivendi, reports Le Figaro, citing board pressures to sell assets to make acquisitions in emerging countries. Vodafone CEO Vittorio Colao stated last November that the SFR stake and the 45 percent Vodafone holds in Verizon Wireless are no longer viewed as long-term assets, the newspaper writes. It estimates the 44 percent SFR stake to be worth EUR 6.8 billion and that Vivendi would be prepared to offer EUR 4.8 billion to EUR 6 billion, after accounting for a 20-30 percent liquidity discount. Vivendi

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Categories: General / Mobile & Wireless
Companies: SFR / Verizon / Vivendi / Vodafone
Countries: France
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