Feeds

Vodafone grabs £7bn, leaves France

Sells off French assets to Vivendi

New hybrid storage solutions

Vodafone is selling its minority shareholding in French operator SFR, netting €7.95bn by flogging 44 per cent of SFR and giving Vivendi complete ownership.

Vivendi already owns 56 per cent of mobile, fixed-line, broadband and TV supplier SFR, which boasts 20 million customers, but once the deal is completed, Vivendi will own the whole company. SFR and Vodafone will maintain a Partner Market agreement covering roaming and commercial cooperation.

Vodafone will hand back some of the cash to shareholders, buying back £4bn worth of its own shares; the rest will be dropped in the debt pile. Explaining the move, Voda's CEO Vittorio Colao talked about focusing on wholly-owned operations, rather than those over which Vodafone has less than complete control. He said:

"Our Board remains committed to realising maximum value from our non-controlled assets. The sale of our stake in SFR, at an attractive multiple, represents a significant further step in the execution of this strategy." ®

Secure remote control for conventional and virtual desktops

More from The Register

next story
Drag queens: Oh, don't be so bitchy, Facebook! Let us use our stage names
Handbags at dawn over free content ad network's ID policy
Blockbuster book lays out the first 20 years of the Smartphone Wars
Symbian's David Wood bares all. Not for the faint hearted
'Serious flaws in the Vertigan report' says broadband boffin
Report 'fails reality test' , is 'simply wrong' and offers ''convenient' justification for FTTN says Rod Tucker
This flashlight app requires: Your contacts list, identity, access to your camera...
Who us, dodgy? Vast majority of mobile apps fail privacy test
Apple Watch will CONQUER smartwatch world – analysts
After Applelocalypse, other wristputers will get stuck in
Shades of Mannesmann: Vodafone should buy T-Mobile US
Biting the bullet would let Blighty-based biz flip the bird at AT&T
Net neutrality fans' joy as '2.3 million email' flood hits US Congress
FCC invites opinions in CSV format, after Slowdown day 'success'
prev story

Whitepapers

Providing a secure and efficient Helpdesk
A single remote control platform for user support is be key to providing an efficient helpdesk. Retain full control over the way in which screen and keystroke data is transmitted.
Top 5 reasons to deploy VMware with Tegile
Data demand and the rise of virtualization is challenging IT teams to deliver storage performance, scalability and capacity that can keep up, while maximizing efficiency.
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.
Security for virtualized datacentres
Legacy security solutions are inefficient due to the architectural differences between physical and virtual environments.
Secure remote control for conventional and virtual desktops
Balancing user privacy and privileged access, in accordance with compliance frameworks and legislation. Evaluating any potential remote control choice.