French giant Vivendi is in negotiations to pick up a 51% stake in Datacom Solutions, according to local reports.
Members of Vivendi’s executive have held a number of incognito discussions with the yet to be launched pan-India mobile firm.
Morgan Stanley…
French giant Vivendi is in negotiations to pick up a 51% stake in Datacom Solutions, according to local reports.
Members of Vivendi’s executive have held a number of incognito discussions with the yet to be launched pan-India mobile firm.
Morgan Stanley is advising Datacom on its stake sale.
Over the past two years, Etisalat, Turkcell and a whole host of suitors have been linked to the firm, although valuation has historically been a stumbling block. Vivendi is armed with a stockpile of hard cash, having recently selling a 20% stake in NBC Universal for US$5.8bn to General Electric.
Datacom is owned by the Videocon Group.
