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VIVHY Vivendi SE (PK)

11.945
-0.055 (-0.46%)
Last Updated: 18:06:14
Delayed by 15 minutes
Name Symbol Market Type
Vivendi SE (PK) USOTC:VIVHY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -0.055 -0.46% 11.945 11.94 11.96 12.002 11.94 12.00 4,464 18:06:14

French Government Raises EUR2.64 Billion In 4G Auction

22/12/2011 5:38pm

Dow Jones News


Vivendi (PK) (USOTC:VIVHY)
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France sold a second-round of fourth-generation mobile frequencies for EUR2.64 billion, France's telecommunications regulator Arcep said Thursday, in a high-stake auction that will shape the market's competitive landscape.

Bouygues Telecom, Orange France and SFR were awarded licenses, while Free's application did not qualify.

Bouygues Telecom is co-owned by French building-to-broadcasting giant Bouygues (EN.FR), which holds 89.5%, and advertising group JC Decaux Holdings (DEC.FR), with 10.5%. Orange France is unit of France Telecom (FTE.FR) and SFR is part of French entertainment-to-telecom conglomerate Vivendi SA (VIV.FR).

Free, which is owned by French telecommunications and Internet company Iliad SA (ILD.FR), is expected to launch its first mobile offers in the coming weeks.

The four companies, which have been already been awarded 4G mobile licenses in the 2.6 gigahertz band, had submitted applications to bid for frequencies in the 800 MHz band by a Dec. 15 deadline.

-By Noemie Bisserbe, Dow Jones Newswires; +33 1 4017 1740; noemie.bisserbe@dowjones.com

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