Vivendi's SFR Readying to Sell Shares on Market - Report
June 12 2013 - 3:20AM
Dow Jones News
Vivendi SA's (VIV.FR) fully-owned mobile phone unit SFR is
readying an initial public offering, French daily Les Echos
reported Wednesday citing SFR Chairman Stephane Roussel.
The next two years will be "the toughest" because the company
will need to invest heavily in the 4G and optical fiber networks,
Mr. Roussel said.
Jean-Rene Fourtou, the head of Vivendi, earlier this year said
SFR required a new strategy after the unit was weakened by the
emergence of low-cost competitors.
Vivendi wasn't immediately available for comment when contacted
by Dow Jones.
Newspaper Web site: http://www.lesechos.fr
Write to Gabriele Parussini at
gabriele.parussini@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires