We could not find any results for:
Make sure your spelling is correct or try broadening your search.
Register for streaming realtime charts, analysis tools, and prices.
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 12.00 | 11.93 | 11.94 | 10 | 14:45:31 |
From Jul 2019 to Jul 2024
PARIS—Vivendi SA on Wednesday boosted its stake in Italian telecommunications firm Telecom Italia SpA to 14.9%, spending roughly €1 billion to give the French company and its chairman Vincent Bolloré a bigger presence in Italy.
The deal will make the French media conglomerate the largest shareholder in Telecom Italia, Vivendi says, giving it a new stake in the telecommunications business despite articulating in recent years a strategy of selling telecommunications assets to focus on media.
Vivendi said it "intends to support Telecom Italia over the long term."
"This investment represents an opportunity for the Group to be present and to expand in a market with significant growth prospects and a very strong appetite for quality content," Vivendi said, adding that it also gives the company "a foothold in a country with which it shares the same Latin culture and roots."
As expected, Vivendi said it received Wednesday an 8.2% stake in Telecom Italia as part of the deal it struck last year to sell its Brazilian broadband unit GVT to Telefonica SA. Spain's Telefonica wanted to disentangle itself from Telecom Italia.
In addition, Vivendi said it purchased in recent weeks an additional 6.7% of Telecom Italia, for roughly €1 billion. Some of those shares are subject to a hedging agreement that could last a maximum of three years, the French firm added.
Write to Sam Schechner at sam.schechner@wsj.com
Access Investor Kit for Vivendi SA
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=FR0000127771
Access Investor Kit for Telecom Italia SpA
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=IT0003497168
Access Investor Kit for Telecom Italia SpA
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US87927Y1029
Access Investor Kit for Telecom Italia SpA
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US87927Y2019
Access Investor Kit for Vivendi SA
Visit http://www.companyspotlight.com/partner?cp_code=P479&isin=US92852T2015
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Vivendi (PK) Chart |
1 Month Vivendi (PK) Chart |
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.
Support: +44 (0) 203 8794 460 | support@advfn.com
By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions
Hot Features
Premium
