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Vivendi to redistribute EUR 5 bln from SFR sale
2014-04-25 08:57:00| Telecompaper Headlines
(Telecompaper) Vivendi announced that it will have about EUR 5 billion of cash after the sale of French operator SFR to Altice/Numeriable and will initially redistribute EUR 3.5 billion to its shareholders in the form of dividends and/or share buy-backs. Chairman and CEO Jean Fourtou also confirmed that he would step down at the AGM of 24 June to be succeeded by Vincen Bollore.
Tags: sale
eur
sfr
vivendi
Category:Telecommunications
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