Vivendi has strongly dismissed a Bloomberg report claiming that the company considers a breakup that could see its telecoms and content distribution units spun off into a separate entity.
Vivendi said in a statement published on its website that it was…
Vivendi has strongly dismissed a Bloomberg report claiming that the company considers a breakup that could see its telecoms and content distribution units spun off into a separate entity.
Vivendi said in a statement published on its website that it was “astonished to read Bloomberg’s allegations,” describing them as “ungrounded”.
The news service had referred to unnamed people with knowledge of the matter, with one of them reportedly claiming that the Vivendi supervisory board would discuss the matter, as well as alternative scenarios, at an executive summit in June.
Vivendi said it “vigorously denies all the allegations”.
French listed Vivendi is a media, telecoms and entertainment group, with telecoms investments in Morocco (Maroc Telecom), Brazil (GVT), and France (SFR).
In 2011, Vivendi took full control of SFR, buying out Vodafone’s 44% stake in the business for €7.95bn.
