Feeds

Vodafone grabs £7bn, leaves France

Sells off French assets to Vivendi

High performance access to file storage

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." ®

SANS - Survey on application security programs

More from The Register

next story
A black box for your SUITCASE: Now your lost luggage can phone home – quite literally
Breakfast in London, lunch in NYC, and your clothes in Peru
Broadband Secretary of SHEEP sensationally quits Cabinet
Maria Miller finally resigns over expenses row
AT&T threatens to pull out of FCC wireless auctions over purchase limits
Company wants ability to buy more spectrum space in auction
EE dismisses DATA-BURNING glitch with Orange Mail app
Bug quietly slurps PAYG credit - yet EE denies it exists
Like Google, Comcast might roll its own mobile voice network
Says anything's possible if regulators approve merger with Time Warner
Turnbull leaves Australia's broadband blackspots in the dark
New Statement of Expectations to NBN Co offers get-out clauses for blackspot builds
Facebook claims 100 MEEELLION active users in India
Who needs China when you've got the next billion in your sights?
Facebook splats in-app chat, whacks brats into crack yakety-yak app
Jibber-jabbering addicts turfed out just as Zuck warned
prev story

Whitepapers

Designing a defence for mobile apps
In this whitepaper learn the various considerations for defending mobile applications; from the mobile application architecture itself to the myriad testing technologies needed to properly assess mobile applications risk.
3 Big data security analytics techniques
Applying these Big Data security analytics techniques can help you make your business safer by detecting attacks early, before significant damage is done.
Five 3D headsets to be won!
We were so impressed by the Durovis Dive headset we’ve asked the company to give some away to Reg readers.
The benefits of software based PBX
Why you should break free from your proprietary PBX and how to leverage your existing server hardware.
Securing web applications made simple and scalable
In this whitepaper learn how automated security testing can provide a simple and scalable way to protect your web applications.