Vivendi Full Year 2007 Revenues Increase Significantly

Business Wire, Jan 30, 2008

Excluding the impacts of regulated tariff cuts, SFR mobile service revenues would have been up by 4.4%.

In 2007, SFR added 883,000 net new customers, taking its registered customer base to 18.766 million7, a 4.9% increase versus last year. The contract customer base grew by 5.8% year-on-year to 12.294 million (676,000 net additions), leading to an improved customer mix of 0.5 percentage point in one year.

In 2007, SFR confirmed its leadership in mobile broadband networks and services both in Enterprise Segment and Mass Market:

* SFR number one in network quality in 2007 ARCEP survey for the fourth consecutive year8;

* SFR leader in 3G/3G customer number with 4.1 million customers at the end of December 2007, compared to 2.7 million at the end of December 2006;

* Successful mobile Internet access offers with "Illimythics" launched in November 2007 and selected by more than 250,000 customers (more than 175,000 customers at the end of 2007) and more than 40,000 3G USB modems for laptops sold since July 2007;

* Successful Happy Zone offer with more than 400,000 Happy Zone customers at the end of the year.

Despite the impact of the regulator's cut on SMS termination rates, net data revenues improved by 8.1% mainly due to interpersonal services (SMS and MMS), content (music, TV-Videos, games) and the development of mobile Internet and corporate segment operations. Net data revenues represented 13.7% of service revenues at the end of December 2007, compared to 12.8% at the end of December 2006. Number of text messages (SMS) sent by SFR customers grew by 15.2% on a year-on-year basis to 7.3 billion and revenues from data services, excluding SMS and MMS, increased by 21.4%.

ADSL and fixed revenues reached EU233 million, mainly reflecting the integration of Tele2 France since July 20, 2007. In total, SFR has 415,000 ADSL customers and 2.036 million fixed voice customers at the end of December 2007.

For the fourth quarter of 2007, SFR's revenues increased by 8.7% to EU2,371 million compared to the same period of 2006.

Mobile revenues increased by 3.3% at EU2,246 million compared to the same period in 2006. Mobile service revenues were up by 2.2% to EU2,128 million. SFR added 657,000 net new customers in the fourth quarter of 2007 versus 377,000 net new customers for the same period last year.

The favorable effects of an increase in the customer base along with growth in "voice" and "data" usage and the Enterprise segment dynamism were largely offset by strong cuts on mobile voice termination rates (21%) as of January 1, 2007. Excluding the impacts of the regulated tariff cuts, SFR' service revenues would have been up by 5.7% compared to the fourth quarter of 2006. Data revenues amounted to EU322 million and increased by 20.6% when compared to the same period last year.

ADSL and fixed revenues reached EU125 million due to the integration of Tele2 France since July 20, 2007.

Maroc Telecom

20% growth

For the full year 2007, Maroc Telecom's revenues9 increased by 19.6% to EU2,456 million compared to 2006 ( 10.5% at constant currency and at constant perimeter10).