Key Developments: Vivendi SA (VIVHY.PK)
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Latest Key Developments (Source: Significant Developments)
Vivendi SA Announces FY 2012 Dividend Payment
Vivendi SA announced that shareholders at the annual general meeting have approved the resolution setting the amount of the full year 2012 dividend at EUR 1 per share and a payment date of May 17, 2013. Full Article
Vivendi SA Considers SFR Energy Ltd Public Listing-Reuters
Reuters reported that Vivendi SA said that it would consider a public listing of its French telecom operator SFR Energy Ltd as part of its plan to reduce exposure to the capital-intensive unit in favor of its media businesses. Full Article
Vivendi SA Announces Two Binding Offers for Its Stake in Maroc Telecom
Vivendi SA announced that it has received two binding offers for its 53% stake in Maroc Telecom. The Company will examine the proposals during the coming weeks. Full Article
Emirates Telecommunication Corp Ltd To Make Binding Offer For $6 Billion Itissalat Al Maghrib Ste SA Stake From Vivendi SA-Reuters
Reuters reported that Emirates Telecommunication Corp Ltd will make a binding offer to buy Vivendi SA's 53% stake in Maroc Telecom (Itissalat Al Maghrib Ste SA). Vivendi wants to sell its stake in the Moroccan business to help reduce its debts. Etisalat did not elaborate on the terms of the bid. The telecom firm is planning to finance the transaction from external sources and has arranged funding from both local and international banks. Full Article
Fitch Affirms Vivendi SA At BBB-DJ
Dow Jones reported that Fitch Ratings has affirmed Vivendi SA's Long-term Issuer Default Rating (IDR) and senior unsecured rating at 'BBB'. The Outlook on the Long-term IDR is Stable. Full Article
Vivendi SA's SFR and France Telecom SA Orange Sign Agreement to Provide Fiber Optics for the Paris Region
Vivendi SA announced that its subsidiary SFR and France Telecom SA Orange have signed an agreement with the State and the Ile-de-France (Greater Paris) region on Internet access and the rollout of fiber optics throughout the region. The goal is to equip all households and businesses for high-speed Internet by 2020. Financial terms were not disclosed. Full Article
KT Corp To Drop Bid To Buy Vivendi SA's Stake In Itissalat Al Maghrib Ste SA-DJ
Dow Jones reported that KT Corp will drop its initial bid to buy Vivendi SA's controlling stake in Itissalat Al Maghrib Ste SA, in what would have been the biggest-ever cross-border deal by a South Korean company. Under the deal, Vivendi's 53% stake was valued at roughly EUR5.5 billion ($7.19 billion). French conglomerate Vivendi S.A. has been trying to shift away from the telecoms business toward focusing on media assets like U.S.-based Universal Music Group and French TV and movie giant Canal Plus. Vivendi has been auctioning off both Maroc Telecom and its Brazilian phone and broadband unit GVT Aside from KT Corp., Ooredoo QSC, Emirates Telecommunication Corp Ltd, or Etisalat, and France Telecom SA were among a number of potential bidders that expressed preliminary interest in Maroc Telecom last year. Full Article
Vivendi SA's Canal+ Signs Licensing Agreement with HBO
Vivendi SA announced that its subsidiary Canal+ and American studio HBO have signed a licensing agreement covering all new HBO series for the coming five seasons. The agreement covers all of the group’s premium, special-interest and free channels. In a second pay screen or unencrypted mode, Canal+ subscribers and viewers of D8 and D17 will be able to watch such HBO series as Game of Thrones, Girls, The Newsroom and Banshee. Canal+ will hold all associated rights for broadcast and Video on Demand on all devices including connected TV, smartphones, tablet computers and game consoles. Full Article
Emirates Telecommunication Corp Ltd Lines Up $8 Billion Loan For Vivendi SA's Itissalat Al Maghrib Ste SA Stake Bid; Ooredoo QSC And KT Corp Also Bidders For Stake-Reuters
Reuters reported that Emirates Telecommunication Corp Ltd has lined up an $8 billion dual-tranche loan facility to finance its bid to acquire Vivendi SA's stake in Itissalat Al Maghrib Ste SA. French media group Vivendi aims to offload its 53% holding in the Moroccan firm to help reduce its debt. Two other potential suitors are also fighting over it, state-owned Ooredoo QSC and South Korea's KT Corp. The stake has a market value of around $6 billion, and the winning bidder is expected to eventually make an offer to buy out the minority shareholders, which would add to the purchase price. Bidders are expected to arrange financing for the stake purchase ahead of making final offers to Vivendi, which are due at the end of April. Full Article
Vivendi SA's SFR Launches 4G in Marseille
Vivendi SA announced that its subsidiary SFR inaugurated its 4G mobile network in Marseille, a new step for the #1 alternative telecoms operator in France towards the generalization of high speed mobile telephony for both private users and companies. Marseille is the 7th city to be covered in 4G by SFR at the end of March 2013, to be followed by three additional cities in the course of the 2nd quarter 2013. Full Article
UPDATE 2-Ooredoo withdraws bid for Vivendi's Maroc Telecom
* Maroc Tel sale is important step in Vivendi revamp (sources, price details, Myanmar)
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