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Vivendi eyeing about 33 pct of Oger - source

Sat Sep 15, 2007 6:54am EDT

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BEIRUT, Sept 15 (Reuters) - French media group Vivendi (VIV.PA) is in advanced talks to buy a stake of about 33 percent in Dubai-based Oger Telecom, a person familiar with the talks said on Saturday.

"Talks are at a very advanced stage. They are talking about acquiring a stake in the neighbourhood of one-third," the person, who declined to be identified, said.

Vivendi said on Thursday it was holding talks with Oger Telecom's majority owner, Saudi Oger, about buying a stake. It did not give details.

Saudi Oger, controlled by relatives of late Lebanese Prime Minister Rafiq Hariri, said on Thursday Vivendi and other parties were interested in taking a minority stake in the telecom firm.

Oger Telecom runs fixed and mobile phone services in Turkey, a cellular business in South Africa and internet services in Saudi Arabia, Jordan and Lebanon.

((Reporting by Nadim Ladki; Gulf newsroom +971 4 391 8301; dubai.newsroom@reuters.com)) Keywords: VIVENDI OGER/STAKE

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