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SFR Spinoff From Vivendi Is Only Plan for Carrier, CEO Says

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 country’s second-largest carrier.

The planned separation of SFR with 2012 revenue of 11.3 billion euros ($15.3 billion) is “well advanced,” and will lead to a stock listing on July 1, SFR Chairman and CEO Jean-Yves Charlier told reporters in Paris today.