Vodafone is to sell its 44% interest in the French mobile phone user SFR to Vivendi for 7.95bn euros (7bn).
The deal gives Vivendi, France's greatest mobile phone business, full manage of SFR and ends months of talks with Vodafone.
The UK firm has been slimming down its portfolio, and not long ago sole stakes in Chinese and Japanese mobile operators.
Vodafone will lapse 4bn to its shareholders by shopping back shares.
The UK company's arch executive, Vittorio Colao, mentioned in a matter that Vodafone would go on sales of a few properties in operations it does not control.
"The sale of the interest in SFR, at an popular multiple, represents a poignant serve step in the carrying out of this strategy," he said.
Vodafone has already sole its minority stakes in China Mobile and Japanese conduit SoftBank. The UK firm is moreover seeking sell its interest in Poland's Polkomtel.
Last month Deutsche Telecom, concluded to sell its T-Mobile America business to ATT for $39bn (24bn).
Analysts likely more restructuring and properties sales in the attention as telecoms giants look to elevate allowance to deposit in their networks.
Robin Bienenstock, researcher at Sanford Bernstein, mentioned the Vodafone and Deutsche deals simulate a request to exit countries where they had non-controlling interests to concentration on markets where they were stronger.
"You're going to see a large portfolio clean-up amid telecom operators since they need funds to reinvest in their core networks.
"The usually way to do that is to sale the feeble things and smash into allowance into the markets where you are stronger. This is a scale game."
Vivendi operates a operation of businesses, inclusive Universal Music, the record tag at the back Lady Gaga, Justin Bieber and Rihanna.
It moreover controls video games creator Activision Blizzard, Brazilian telecom firm GVT, and Canal Plus television.
Vodafone's attend to Vivendi is approaching to be finished by June.
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