Vivendi and Etisalat sign definitive agreement for the sale of Maroc Telecom
PARIS -- November 5, 2013
Vivendi (Paris:VIV) today announced that it has signed a definitive agreement
with Etisalat for the sale of its 53% shareholding in Maroc Telecom for a
total amount of €4.2 billion in cash.
The sale is part of Vivendi’s strategy to focus and strengthen its businesses
around media and content activities.
The definitive agreement is subject to certain conditions, particularly the
approval from the regulatory authorities in the countries where Maroc Telecom
Vivendi is confident that the transaction will be completed by early 2014.
Vivendi groups together leaders in content and media. Canal+ Group is the
French leader in pay-TV, also operating in French-speaking Africa, Poland and
Vietnam; its subsidiary Studiocanal is a leading European player in
production, acquisition, distribution and international film sales. Universal
Music Group is the world leader in music; it recently strengthened and
diversified its position with the acquisition of EMI Recorded Music.
In telecommunications, Vivendi owns GVT, the leading alternative broadband
operator in Brazil, and SFR, a French leader in telecoms. www.vivendi.com
Cautionary Note Regarding Forward Looking Statements. This press release
contains forward-looking statements with respect to the financial condition,
results of operations, business, strategy, plans and outlook of Vivendi,
including the impact of certain transactions. Although Vivendi believes that
such forward-looking statements are based on reasonable assumptions, such
statements are not guarantees of future performance. Actual results may differ
materially from the forward-looking statements as a result of a number of
risks and uncertainties, many of which are outside our control, including but
not limited to the risks related to antitrust and other regulatory approvals
as well as any other approvals which may be required in connection with
certain transactions and the risks described in the documents Vivendi filed
with the Autorité des Marchés Financiers (French securities regulator), which
are also available in English on Vivendi’s website (www.vivendi.com).
Investors and security holders may obtain a free copy of documents filed by
Vivendi with the Autorité des Marchés Financiers at www.amf-france.org, or
directly from Vivendi. Accordingly, we caution you against relying on forward
looking statements. These forward-looking statements are made as of the date
of this press release and Vivendi disclaims any intention or obligation to
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of new information, future events or otherwise.
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