Gravitate toward the moats with these sectors trading above our fair value estimate, investors should seek firms with established economic. Both parties had to raise their offers in a bidding war thats been simmering for months. Universal music group is engaged in recorded music, music publishing and merchandising. Stephane roussel, chief executive officer of sfr, a mobilephone unit of vivendi sa, speaks during a news conferenc eat the companys store in paris, france, on monday, sept. Vivendi agreed to sell sfr, frances secondlargest mobile operator, to alticenumericable in a deal that could value the business at more than 17 billion. This performance is notably due to the ebita increase and the sfr transaction 3. Vivendi and gameloft announce that the gameloft shareholders meeting held today appointed five members proposed by vivendi to the board of directors of. The company needs to respond by its own quadplay offering. The company operates businesses throughout the media value chain, from talent discovery to the creation, production and distribution of content. Bring joy and help young people achieve their full potential through vivendi activities. Shares in vivendi fell on tuesday as a fierce price war in frances telecoms sector dragged down fullyear revenue at the media and telecoms group. Nov 16, 2011 vivendi management discusses q3 2011 results earnings call transcript. Vivendi, the french conglomerate that once owned universal studios, is considering selling its mobile and internet unit to the cable operator numericable, according to a report from bloomberg news on tuesday vivendi announced its plans to split off the business, sfr, last year as part of a broader corporate overhaul to focus more on entertainment. Vivendi stated that these distributions will be in an aggregate amount of 2 per share and.
Vivendi sa 2019 q4 results earnings call presentation vivendi sa 2019 q4 results earnings call presentation feb. Oct 10, 20 vivendi has hired societe generale and citigroup as lead banks to prepare a stock market listing of sfr, its struggling french telecoms unit, as it seeks to remake itself as a media group focused. Vivendi announced in march 2014 that it planned to sell its sfr division. Apr 05, 2014 vivendi said saturday it will sell sfr, the no. Vivendi universal also referred to herein as the company is a societe anonyme organized under the laws of france. Feb 03, 2014 a spinoff of french phone company sfr from owner vivendi sa is the only plan for the unit, its chief executive officer said, dismissing an alternative merger involving the countrys second. Frank esser, chairman and ceo of sfr member of vivendi s management board paris, september 15, 2009 download march. Vivendi sa formerly known as vivendi universal is a french multinational mass media and telecommunication company headquartered in paris, france. Update 2vivendis sfr, bouygues telecom to slash jobs as. Vivendi and gameloft announce that the gameloft shareholders meeting held today appointed five members proposed by vivendi to the board of directors of gameloft, a leading international digital. Vivendi said to consider sale of sfr to numericable the new. Variety of new services offered by our distribution platforms.
Gvt, sfr, maroc telecom and activision blizzard have been reported as discontinued operations for these periods. Vivendis sfr call widens rift in french telecoms marketwatch. Update 1vivendi mulls spinoff of french mobile unit sfr. The following slide deck was published by vivendi sa in conjunction with this event. Modus vivendi definition and meaning collins english dictionary. Vivendi to retain a 20% stake in sfrnumericable with clear. Mar 01, 2012 the groups french telecom business, sfr, lost about 208,000 subscribers in the first two months of 2012, roughly the same pace as at france telecom, and vivendi predicted the units core. Vivendi came under fire after a badly timed acquisition of french mobile operator sfr at the beginning of the year, just before new lowcost entrant free mobile dented margins and market share. Vivendi has confirmed being in talks with mobile subsidiary sfr and louis dreyfus group to buy the latters 29.
Vivendi vivef investor presentation slideshow otcmkts. A unique company with strong growth potential vivendi. Vivendi village is present across the whole entertainment value chain. The groups three main businesses delivered very solid performances evolution of universal music groups share capital. A modus vivendi is an arrangement which allows people who have different attitudes to. Sfr is an integrated operator, owner of its mobile and fixedline infrastructures. Vivendi deconsolidated these segments respectively as. Drahis bid to merge his french cable operator numericable group sa with frances secondlargest mobile firm sfr, in a deal valued at around.
Vivendi is present in the video games business through gameloft, a leader in the creation and publishing of digital games and one of the top innovators in its field. A case study on french conglomerate vivendi and its transformation over the years in the context of financials and leaders. Vivendi sas sfr mobile unit news conference with ceo. Frank esser, chairman and ceo of sfr member of vivendi s management board paris, september 15, 2009. Vivendi has to make most of sfr auction moneybeat wsj. In diplomacy, a modus vivendi is an instrument for establishing an international accord of a temporary or provisional nature, intended to be replaced by a more substantial and thorough agreement, such as a treaty. Excluding 3g spectrum acquisition by sfr in 2010 300m. Sfr is frances secondlargest mobilephone company, after france telecom sas orange brand, and is the largest contributor to vivendi s profit. Nov 27, 20 sfr looks set to be spun off from parent group vivendi, after the companys supervisory board unanimously backed a plan to demerge the french telco from the groups remaining media and content assets. Sfr, a unit of conglomerate vivendi, on tuesday told staff representatives the main points of a restructuring plan involving voluntary redundancies. Dec 10, 2010 with more than 20 million mobile customers, 4.
Representatives of vivendi and numericable declined to comment on tuesdays report. Mar 20, 20 update 1vivendi mulls spinoff of french mobile unit sfr bloomberg. Vivendi on saturday accepted a bid by french cable and fibreoptic network operator numericable worth 17 billion euros to buy its sfr mobile phone unit, rejecting a rival offer from telecoms group. The company creates games for all digital platforms and owns the distribution network and most comprehensive marketing in the. Vivendi s mobilephone operator sfr is losing customers and revenue owing to tough competition. Vivendi reconstitutes the gameloft board of directors.
Dec 31, 2014 quarterend insights tech and communication services. Value creation at vivendi music business worldwide. Dec 30, 2015 vivendi financial information, fundamentals, key ratios, market capitalization, shares outstanding, float, and short interest. The website cultures with vivendi is in line with vivendi s corporate social responsibility strategy, which aims to promote cultural diversity, facilitate access to knowledge, encourage the expression of talent and participation in cultural life, and promote a spirit of openness. Vivendi accepts numericables bid to buy sfr technology news. Vivendi deconsolidated gvt, sfr and maroc telecom group as from. Vivendi annual and transition report foreign private. Vivendi is in talks about a multibillioneuro merger of its sfr telecoms business with numericable, a deal that would combine frances secondbiggest mobile phone operator with one of the. Introducing sfr, an integrated operator with strong assets 3 capturing future opportunities. Vivendis management presents at morgan stanley 11th. The groups french telecom business, sfr, lost about 208,000 subscribers in the first two months of 2012, roughly the same pace as at france telecom, and vivendi predicted the units core. Sfr is a major partner network of vodafone in france.
But vivendi appears to have finally made a decision. Vivendi universal acquired and a leading american publisher, houghton mifflin in year 2001. Its flexible organization offers multiple cooperation opportunities between the dozen of units it is comprised of, in particular in the fields of digital distribution, customer experience. Vivendi and activision to create activision blizzard. Armistices and instruments of surrender are intended to achieve a modus vivendi. French cable tv operator numericables purchase of vivendi s sfr news alert. Sfr covers all segments of the french telecoms market addressing 1 french out of 2 sfr, a wellestablished and powerful brand sept. Universal studios universal studios hollywood universal orlando resort universal studios japan nbc nbc universal television emka, ltd. Apr 04, 2011 vodafone has continued its disposal of minority stakes after the telecoms group sold its stake in sfr, the french mobile phone group, for 7. Vivendi to increase dividend payouts initiated by psam. Strong performance of the main business activities.
French conglomerate vivendi steadily whittled away at its onceextensive portfolio after coming close to collapse in the early 2000s, narrowing its focus to broadcast media and music. It has increased asp thanks to the combi nation of software with peripherals guitar hero. Vivendisfr lobbyist nominated to wipo posted on august 2, 2016 by staff on july 14, 2016, the former vivendi sfr lobbyist sylvie forbin was named deputy director general of the wipo culture and creative industries sector the world intellectual property organization is. Information about the holding of vivendi s combined general shareholders meeting on april 20, 2020 french decree no. Nongaap measures, see the glossary at the end of this presentation. A spinoff of sfr would mark a reversal of strategy for vivendi, which in april 2011 bought out sfrs co. Vivendi is an integrated content, media and communications group. Mar 06, 2014 the task facing vivendis board and soontobechairman vincent bollore as they mull the sale of the media groups sfr telecom unit isnt simple, particularly without full detail so far on. Vivendi will enter three weeks of exclusive talks with cable group numericable in an effort to finalise a deal to sell its telecom unit sfr for 11. Vivendi said to consider sale of sfr to numericable the. Vivendis sfr, bouygues agree networksharing deal wsj. Vivendi sas mobile operator sfr and competitor bouygues telecom agreed a deal to share parts of their mobilephone networks, the latest effort by french operators to cut costs as a price war. Vivendi full year 20 results sfr is the major source of revenues, ebitda and cash flow for the vivendi group 17% 14% % 1% 2% 53% 24% 30% 5% 4% 6% 33% 24% 22% 8% 0% 46% revenues ebitda cffo vivendi division wise breakdown after closing of maroc telecom disposal expected in the. Vivendi annual and transition report foreign private issuer.
Vodafone has granted vivendi the power to borrow from sfr on the same terms as a shortterm interestfree loan. Vivendi management discusses q3 2011 results earnings call. Maroc telecom, which provides telecom services in morocco and other african countries, is growing faster than sfr and provides 20. Vodafone had a 44% share in sfr until april 2011, when it sold the entire share back to vivendi. It has increased asp thanks to the combination of software with peripherals. Sfr accounts for more than onethird of vivendi s firstquarter revenue of 7. Vivendi universal was created through the merger of vivendi, the seagram company ltd. Vivendi braces for two tough years with dividend cut reuters. Apr 07, 2014 vivendi s board on saturday unanimously approved mr. On 14 march, it announced that it would enter exclusive negotiations with alticenumericable, to the exclusion of bouygues and iliad. Patrick wellington morgan stanley philippe capron cfo presentation. Apr 26, 2017 vivendi vivef investor presentation slideshow. Strong revenue increase in the third quarter of 2018.
Under yesterdays deal, the mobile phone assets of sfr and cegetel are being rolled into one company called sfr in which vivendi will hold 55. Vivendi sells sfr to altice for 17 bn broadband tv news. Vodafone sells sfr stake to vivendi business the guardian. Vivendi s share price has lagged peers and failed to outperform over the past year1 despite successful disposals of sfr and gvt at higher than expected valuations and growth in the music streaming market vivendi s current capital return plan is disappointing to investors.
Vivendis board agreed to sell the 20% it holds in frances secondlargest telecom operator by subscribers, numericablesfr, to mr. Oct 14, 2003 vodafone vivendi carveup at sfr richard wray. Vivendi hit by fierce french price war financial times. Vivendi accepts altice offer to buy 20% numericablesfr. A spinoff of sfr would mark a reversal of strategy for vivendi, which in april 2011 bought out sfr s coowner, vodafone, paying 7. The supervisory board unanimously approved the demerger plan, which it said could take place by issuing to. Vivendi made a change in presentation of its consolidated statement of. Oct 14, 2012 vivendi is in talks about a multibillioneuro merger of its sfr telecoms business with numericable, a deal that would combine frances secondbiggest mobile phone operator with one of the. Vivendi in sfr telecoms merger talks financial times. The company creates games for all digital platforms and owns the distribution network and most comprehensive marketing in the digital games industry. Vodafonevivendi carveup at sfr business the guardian. France telecom, s fte vivendi s sfr and bouygues telecom. Vivendi made changes in the presentation of its consolidated statement of earnings as from january 1, 2017. Vivendi to sell sfr to alticenumericable, representing a total value in excess of.