New year, old chestnut

13 Jan 2010

UK telecoms group Vodafone is ‘psychologically’ preparing to sell its 44% stake in French operator SFR stake to Vivendi, writes Le Figaro. The UK group is reportedly entertaining the notion amid board pressure to offload certain non-core assets to focus on acquisitions in emerging markets. Other stakes that could also be sold include the firm’s 45% interest in US operator Verizon Wireless. Le Figaro estimates the SFR holding to be worth EUR6.8 billion and that Vivendi would be willing to pay a maximum EUR6 billion – after taking into consideration a liquidity discount. For the past few years Vivendi boss Jean-Bernard Levy has gone on record as saying he is interested in buying out Vodafone.

France, SFR, Vivendi, Vodafone Group