Vodafone signs off on USD11bn sale of SFR stake

17 Jun 2011

UK mobile giant Vodafone Group yesterday announced that it has completed the EUR7.95 billion (USD11.25 billion) sale of its 44% stake in French mobile and broadband operator SFR to its joint venture partner Vivendi. In addition, the UK group will receive a final dividend from SFR of around EUR200 million. For its part, Vivendi confirmed that SFR and Vodafone will extend their commercial cooperation agreement for a further three years, in line with the terms of the sale documents announced earlier this year. The deal will enable Vodafone customers to use SFR’s signal when in France. The sale is part of the Vodafone Group’s strategy to exit its non-core assets.

France, SFR, Vivendi, Vodafone Group