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Vivendi agrees proposal for mediator in Canal+ spat

May 31, 2013 16:39
PARIS (Reuters) - French media group Vivendi on Friday backed a proposal to name a mediator in the legal spat with media group Lagardere over their Canal+ France pay-TV venture. "Vivendi confirms it has accepted the proposal from Commercial Court President Franck Gentin to open the way to a mediation in the lawsuit filed by Lagardere, demonstrating its goodwill and full confidence," a Vivendi spokesman told Reuters. Lagardere could not be immediately reached for comment.

Etisalat shareholders back Maroc Telecom bid

Agence France-PresseMay 29, 2013 12:45
UAE telecom giant Etisalat said on Wednesday its shareholders have given the green light to borrow money to fund a possible purchase of Vivendi's 53-percent stake in Morocco's Maroc Telecom. "Etisalat's shareholders approved the board's recommendation to raise external funding in excess of the corporation's capital," the operator said. Use of the money "is still subject to finalisation of remaining terms and conditions to acquire Vivendi's stake" in Morocco's largest operator.

Etisalat gets shareholder support for Maroc Tel bid: sources

May 28, 2013 13:34
ABU DHABI (Reuters) - Gulf telecom operator Etisalat has secured shareholder approval for the financing package to back its bid for Vivendi's 53 percent stake in Maroc Telecom, according to two people familiar with the matter. Etisalat is vying with its regional rival, Qatar-backed Ooredoo, for control of the biggest fixed and mobile operator in the kingdom of Morocco. Media-and-telecom conglomerate Vivendi is selling the unit as part of a portfolio revamp aimed at reducing telecom exposure to focus more on media.

Etisalat makes top bid for Vivendi's Maroc Tel: sources

May 24, 2013 11:32
By Leila Abboud and Sophie Sassard PARIS/LONDON (Reuters) - Gulf telecom operator Etisalat has offered a higher price for Vivendi's Maroc Telecom stake than rival Qatari bidder Ooredoo, according to two people familiar with the matter. Etisalat's bid needs further work, however, and has more legal conditions than Ooredoo's offer, so Vivendi has not yet made a final choice, the people said.

Paris Hilton joins home of Lil Wayne, album due this summer

Agence France-PresseMay 23, 2013 10:30
Socialite, heiress and tabloid fodder Paris Hilton has, in a bizarre move, signed a deal with Cash Money Records, the home of Lil Wayne, Nicki Minaj and Drake among others. 

Paris Hilton joins home of Lil Wayne, album due this summer

Agence France-PresseMay 23, 2013 08:45
Socialite, heiress and tabloid fodder Paris Hilton has, in a bizarre move, signed a deal with Cash Money Records, the home of Lil Wayne, Nicki Minaj and Drake among others. 

Paris Hilton joins home of Lil Wayne, album due this summer

Agence France-PresseMay 23, 2013 08:45
Socialite, heiress and tabloid fodder Paris Hilton has, in a bizarre move, signed a deal with Cash Money Records, the home of Lil Wayne, Nicki Minaj and Drake among others. 

Vivendi profit down 24%, hit by telecom competition

Agence France-PresseMay 14, 2013 15:31
French media and telecommunications group Vivendi said Tuesday its first quarter net profit slid by nearly 24 percent from the same period last year to 534 million euros ($691 million), with its telecoms unit hit by greater competition. Sales dipped 1 percent to 7.05 billion euros, with strong revenue growth by media units such as Universal Music Group failing to offset sagging telecoms results.

Etisalat draws strong bank demand for $8 billion Maroc Tel bid loan

April 17, 2013 09:30
By David French and Michelle Meineke DUBAI/LONDON (Reuters) - Abu Dhabi telecom group Etisalat <ETEL.AD> is set to sign an $8 billion (5.2 billion pounds) loan facility next week with as many as 16 banks to help fund its Maroc Telecom <IAM.CS> stake bid, bankers said.

Vivendi mulls spin-off of French mobile unit SFR - Bloomberg

March 20, 2013 15:45
PARIS (Reuters) - Vivendi SA <VIV.PA> is considering splitting off its biggest unit, French mobile telecoms operator SFR, and putting a chunk of the group's debt into the subsidiary, Bloomberg reported on Wednesday. Shares in Vivendi closed up 4.4 percent at 16.22 euros following the report, which said no final decision had been made and Vivendi could still opt for an alternative strategy.
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