Vancouver, B.C., Canada (April 4, 2011) – Clearlease.com Reports Vivendi SA said Sunday it agreed to acquire Vodafone Group PLC’s 44 per cent stake in French mobile operator SFR for 7.95 billion euros ($11.3 billion).
The long-anticipated deal will give Vivendi full control of the company, which generates more revenue for the conglomerate than any other division. Vivendi already owns a 56 per cent stake in SFR.
Jean-Bernard Levy, chairman of Vivendi, said in a statement late Sunday that the purchase will help the telecommunications and entertainment giant focus on profitable growth and innovation.
“The transaction will create a significant increase in Vivendi’s adjusted net income, enabling us to raise the dividend to our shareholders,” he said. Vivendi said the price represents 6.2 times SFR’s earnings before interest, taxes, depreciation and amortization.
The deal is expected to be completed by June. As part of the transaction, SFR and Vodafone will extend their joint commercial co-operation for another three years.
Vodafone, one of the world’s largest wireless providers, has been under pressure from shareholders to unload some of its minority-owned assets. Late last year, the company said it has been cutting its operating sectors from three to two, and moving minority stakes outside those new divisions.
Vivendi’s Levy told reporters last month on the sidelines of a media conference in the Emirati capital Abu Dhai that it had the financial means to take full control of SFR. Vivendi sold its remaining stake in NBC Universal to General Electric Co. earlier this year. It received a total of $5.8 billion for its 20 per cent interest in the U.S. company, which owns U.S. broadcast network NBC, the Universal Pictures movie studio and related theme parks and a number of cable channels. The deal laid the groundwork for cable giant Comcast Corp.’s takeover of NBC Universal.
Vivendi operates a range of businesses, including Universal Music, the record label behind Eminem, Lady Gaga and Justin Bieber and Rihanna. It also controls video game maker Activision Blizzard, Brazilian telecom company GVT and Canal Plus television.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
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Vancouver, B.C., Canada (April 4, 2011) – Clearlease.com Reports Vivendi SA said Sunday it agreed to acquire Vodafone Group PLC’s 44 per cent stake in French mobile operator SFR for 7.95 billion euros ($11.3 billion).
The long-anticipated deal will give Vivendi full control of the company, which generates more revenue for the conglomerate than any other division. Vivendi already owns a 56 per cent stake in SFR.
Jean-Bernard Levy, chairman of Vivendi, said in a statement late Sunday that the purchase will help the telecommunications and entertainment giant focus on profitable growth and innovation.
“The transaction will create a significant increase in Vivendi’s adjusted net income, enabling us to raise the dividend to our shareholders,” he said. Vivendi said the price represents 6.2 times SFR’s earnings before interest, taxes, depreciation and amortization.
The deal is expected to be completed by June. As part of the transaction, SFR and Vodafone will extend their joint commercial co-operation for another three years.
Vodafone, one of the world’s largest wireless providers, has been under pressure from shareholders to unload some of its minority-owned assets. Late last year, the company said it has been cutting its operating sectors from three to two, and moving minority stakes outside those new divisions.
Vivendi’s Levy told reporters last month on the sidelines of a media conference in the Emirati capital Abu Dhai that it had the financial means to take full control of SFR. Vivendi sold its remaining stake in NBC Universal to General Electric Co. earlier this year. It received a total of $5.8 billion for its 20 per cent interest in the U.S. company, which owns U.S. broadcast network NBC, the Universal Pictures movie studio and related theme parks and a number of cable channels. The deal laid the groundwork for cable giant Comcast Corp.’s takeover of NBC Universal.
Vivendi operates a range of businesses, including Universal Music, the record label behind Eminem, Lady Gaga and Justin Bieber and Rihanna. It also controls video game maker Activision Blizzard, Brazilian telecom company GVT and Canal Plus television.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
###
Vancouver, B.C., Canada (April 4, 2011) – Clearlease.com Reports Vivendi SA said Sunday it agreed to acquire Vodafone Group PLC’s 44 per cent stake in French mobile operator SFR for 7.95 billion euros ($11.3 billion).
The long-anticipated deal will give Vivendi full control of the company, which generates more revenue for the conglomerate than any other division. Vivendi already owns a 56 per cent stake in SFR.
Jean-Bernard Levy, chairman of Vivendi, said in a statement late Sunday that the purchase will help the telecommunications and entertainment giant focus on profitable growth and innovation.
“The transaction will create a significant increase in Vivendi’s adjusted net income, enabling us to raise the dividend to our shareholders,” he said. Vivendi said the price represents 6.2 times SFR’s earnings before interest, taxes, depreciation and amortization.
The deal is expected to be completed by June. As part of the transaction, SFR and Vodafone will extend their joint commercial co-operation for another three years.
Vodafone, one of the world’s largest wireless providers, has been under pressure from shareholders to unload some of its minority-owned assets. Late last year, the company said it has been cutting its operating sectors from three to two, and moving minority stakes outside those new divisions.
Vivendi’s Levy told reporters last month on the sidelines of a media conference in the Emirati capital Abu Dhai that it had the financial means to take full control of SFR. Vivendi sold its remaining stake in NBC Universal to General Electric Co. earlier this year. It received a total of $5.8 billion for its 20 per cent interest in the U.S. company, which owns U.S. broadcast network NBC, the Universal Pictures movie studio and related theme parks and a number of cable channels. The deal laid the groundwork for cable giant Comcast Corp.’s takeover of NBC Universal.
Vivendi operates a range of businesses, including Universal Music, the record label behind Eminem, Lady Gaga and Justin Bieber and Rihanna. It also controls video game maker Activision Blizzard, Brazilian telecom company GVT and Canal Plus television.
DLC Clearlease currently has the following employment opportunities available: http://clearlease.com/Career-Opportunities.html
About DLC Clearlease
Equipment Leasing Equipment Lease Financing in Vancouver Surrey Delta Richmond Langley New Westminster North Vancouver West Vancouver Calgary Edmonton Kerrisdale Coquitlam Abbotsford B.C. Also offering Automobile Lease Financing and Mortgage information. Founded by the Pidgeon brothers, DLC Clearlease is a free service that can qualify you for an automobile or equipment lease finance. You save time and effort by giving DLC Clearlease.com your information just once; DLC Clearlease has partnered with over 100 lenders to offer you the best rates and service, comparable to none. We offer a simple application process available at http://clearlease.com/How-to-Apply.html .
You may have recently seen a Dominion Lending advertisement on such media outlets as: Global News, CTV News, CBC Television, Rogers Sportsnet or possibly heard the great Don Cherry, a Canadian Sports legend, discuss Dominion Lending Centres.
Contact DLC Clearlease.com:
Dominion Lending Centres Clearlease
HEAD OFFICE, Bentall Two, Suite 900, 555 Burrard Street, Vancouver, BC, V7X 1M8, CANADA.
Mr. A. Pidgeon, Editor in Chief
Tel: (604) 696-1221 ext. 177
eMail: [email protected]
Website: http://www.clearlease.com
News: http://clearlease.com/category/equipment-lease-blog/feed/rss
Twitter: @clearlease
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