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Industry: Email Alert RSS FeedVodafone, Vivendi simplify French ownership structure.(Global Wireless)
RCR Wireless News, October, 2003
Vivendi Universal and Vodafone Group plc, joint owners of a mobile operator in France that have each been vying to take full control of the company for months, said they will simplify the group's ownership structure and increase their cooperation in the business.
The companies said they will cooperate to roll out new products and services, including Vodafone Live! multimedia service later this month, and develop operational synergies in procurement.
The companies also plan to simplify their complicated ownership structure of both fixed-line operator Cegetel Group and its mobile subsidiary SFR. Under the deal, holding companies Trastel, Cofira and SFR will merge into Cegetel Group, which will be renamed SFR. Vivendi will own 55.8 percent, and...
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