Geekzone: technology news, blogs, forums
Guest
Welcome Guest.
You haven't logged in yet. If you don't have an account you can register now.
Vivendi moving to licence Vodafone Live!
Posted on 26-Sep-2003 07:57. | Tags Filed under: News.


Vivendi moving to licence Vodafone Live!
Vivendi Universal yesterday revealed that it was close to signing a key contract with Vodafone in an effort to show that the rivalry between the two companies was over. The media and telecoms group disclosed that its French mobile phone arm, SFR, will next month buy a licence to Vodafone’s Live! software for a “decent sum”.

Just a year ago, Vivendi and Vodafone were fighting for control of SFR, France’s No 2 mobile phone company, a tussle that Vivendi narrowly won by gaining a 56 per cent stake. Vodafone received the remainder. Since then, Vodafone has worked hard to charm Vivendi — including inviting M Fourtou to its yacht at the Monaco Grand Prix — with the aim of improving SFR’s income, and in the long run to convince the French group to sell it its prize asset.

Telecoms is now Vivendi’s most profitable activity. SFR and Cegetel, a sister fixed-line business, earned €984 million (£683 million) in the first half, up 32 per cent. Group operating income was €1.6 billion, up 34 per cent, although once financial charges were included the net loss was €632 million.

Jacques Espinasse, Vivendi’s chief financial officer, said the earnings growth at SFR and Cegetel justifed its decision to fight off Vodafone. Vivendi paid BT €4 billion to gain a majority holding last year, but could not prevent Vodafone expanding its own stake too.

Profits fell in most Vivendi media units. Universal Music, the world’s biggest music business, fell €42 million into loss, as internet piracy and poor releases hit profits. The exception was CanalPlus, the French pay-TV operator, which made a profit, of €245 million, for the first time since 1996.


More information: http://www.timesonline.co.uk/printFriendly/0,...

comments powered by Disqus




Trending now »

Hot discussions in our forums right now:

NZ Prime Minister John Key Resigns
Created by ajobbins, last reply by MikeAqua on 8-Dec-2016 10:32 (199 replies)
Pages... 12 13 14


The President Of The USA - Who do you think?
Created by TimA, last reply by Sideface on 8-Dec-2016 08:34 (905 replies)
Pages... 59 60 61


Dishwasher not Working Properly
Created by tdgeek, last reply by mdav056 on 5-Dec-2016 20:18 (28 replies)
Pages... 2


Spark not planning to deploy native IPv6 at all. Ever.
Created by Erayd, last reply by sbiddle on 7-Dec-2016 20:57 (19 replies)
Pages... 2


Wilson's Car Park - When Free is not free
Created by nzkiwiman, last reply by Dratsab on 8-Dec-2016 10:57 (36 replies)
Pages... 2 3


JB Hifi Cost & GST Sale - 7th Dec
Created by Finch, last reply by Kopkiwi on 7-Dec-2016 15:11 (16 replies)
Pages... 2


Japan - what to do, where to go etc
Created by nzkiwiman, last reply by nas on 6-Dec-2016 21:21 (16 replies)
Pages... 2


Does anyone have experience with an EVGA RMA?
Created by Kol12, last reply by Kol12 on 5-Dec-2016 21:14 (47 replies)
Pages... 2 3 4