Vodafone monitoring Cegetel situation

5 Sep 2003

Mobile giant Vodafone is keeping a close eye on the sell-off of debt-crippled media conglomerate Vivendi Universal, hoping for a second chance to gain control of French telco Cegetel. Vodafone has made no secret of its desire to take control of Cegetel, tempted by its 80% stake in France’s number two cellco SFR, with France the only major European market where Vodafone is without a controlling interest. Its interest has been revived by comments made earlier this week by Vivendi’s CEO hinting at the possibility of Vivendi splitting its media and telecoms assets for sale.

France