Vivendi’s French Phone Unit Is Ready for IPO, SFR Chairman Says

Vivendi SA’s French phone unit SFR is ready for an initial public offering, SFR Chairman Stephane Roussel said, though it will be up to its parent to decide on the timing.

Vivendi is seeking to make SFR more autonomous as the Paris-based company pushes to refocus its business on media and away from telecommunications, Roussel said yesterday at a conference organized by French daily newspaper Les Echos.