Pursuits
Vivendi Biding Time on Asset Sales, SFR Posts Quarterly Loss
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Vivendi SA, the French company seeking buyers for telecommunications assets to refocus on media businesses, will bide its time on divesting the phone divisions in Brazil and Morocco.
GVT in Brazil and Maroc Telecom SA both reported increases in 2012 earnings before interest, taxes, depreciation and amortization, excluding currency fluctuations, and that trend will probably continue, making it more difficult for Vivendi to accept a lesser offer, Chief Financial Officer Philippe Capron said after a press conference in Paris.