Feeds

Vodafone eyes up SFR in Vivendi fall-out

VaVaVoom

  • alert
  • submit to reddit

Choosing a cloud hosting partner with confidence

ComputerWire: IT Industry Intelligence

Vodafone Group Plc is expected to seize on the disorder at Vivendi Universal SA, following the departure of boss Jean-Marie Messier, by seeking control of France's number-two mobile operator SFR.

Weighed down with debt following an over-ambitious expansion program, Vivendi will be looking to sell non-core assets and it holds a 44% stake in fixed line operator Cegetel SA, which is Vodafone's partner in SFR with the Newbury, UK-based company owning a 31.9% stake.

Vodafone seldom rests happily with minority stakes in mobile operators and will seldom get a better opportunity to win control. Its one drawback is that Vodafone prefers to finance acquisitions with paper and its shares, which have been as high as 187.75 pence in the past year, currently languish as 90.5 pence.

Vodafone's balance sheet has been bolstered by the completion of a 1.15bn euros ($1.1bn) deal to sell its German railway specific telecommunications business, Arcor Telematik GmbH to German rail group Deutsche Bahn AG

The deal was announced in January and its completion gives Vodafone freedom to do what it chooses with Arcor's German fixed-line operations, a business Vodafone acquired as part of Mannesmann AG, but which senior management now believes is not core to operations.

© ComputerWire

Secure remote control for conventional and virtual desktops

More from The Register

next story
Broadband sellers in the UK are UP TO no good, says Which?
Speedy network claims only apply to 10% of customers
YOU are the threat: True confessions of real-life sysadmins
Who will save the systems from the men and women who save the systems from you?
Virgin Media struck dumb by NATIONWIDE packet loss balls-up
Turning it off and on again fixes glitch 12 HOURS LATER
Facebook, working on Facebook at Work, works on Facebook. At Work
You don't want your cat or drunk pics at the office
Soz, web devs: Google snatches its Wallet off the table
Killing off web service in 3 months... but app-happy bonkers are fine
prev story

Whitepapers

Choosing cloud Backup services
Demystify how you can address your data protection needs in your small- to medium-sized business and select the best online backup service to meet your needs.
A strategic approach to identity relationship management
ForgeRock commissioned Forrester to evaluate companies’ IAM practices and requirements when it comes to customer-facing scenarios versus employee-facing ones.
Reg Reader Research: SaaS based Email and Office Productivity Tools
Read this Reg reader report which provides advice and guidance for SMBs towards the use of SaaS based email and Office productivity tools.
Beginner's guide to SSL certificates
De-mystify the technology involved and give you the information you need to make the best decision when considering your online security options.
New hybrid storage solutions
Tackling data challenges through emerging hybrid storage solutions that enable optimum database performance whilst managing costs and increasingly large data stores.