Friday, 17 November 2017

Once more unto the breach, dear Vivendi

By Nick Wood, Total Telecom
Friday 26 June 15

French media conglomerate can't seem to shake its love of telecoms, and who can blame it?

"Vivendi intends to support Telecom Italia over the long term." Come again? "Vivendi's capital investment in a major Italian company fits into the strategy developed by the group." For anyone following telecoms for the last two years, the proclamations made by Vivendi this week, when it became Telecom Italia's biggest single shareholder and opened a can of antitrust worms in Brazil, may have sounded a little out of character. The reason being, Vivendi has spent the last two years trying to get out of telecoms as quickly as possible. Vivendi's last major telecoms transaction was in 2011, when it increased its holding in French mobile operator SFR by acquiring Vodafone's 44% stake for &euro…

"Vivendi intends to support Telecom Italia over the long term." Come again? "Vivendi's capital investment in a major Italian company fits into the strategy developed by the group." For anyone following telecoms for the last two years, the proclamations made by Vivendi this week, when it became Telecom Italia's biggest single shareholder and opened a can of antitrust worms in Brazil, may have sounded a little out of character. The reason being, Vivendi has spent the last two years trying to get out of telecoms as quickly as possible. Vivendi's last major telecoms transaction was in 2011, when it increased its holding in French mobile operator SFR by acquiring Vodafone's 44% stake for &euro…

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