Vivendi Universal take majority shareholding in Moroccan Telecom
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French group Vivendi Universal, the world's largest media conglomerate, announced it had acquired a majority stake in the profitable Moroccan operator Maroc Telecom, confirming its strategy of focussing on telecommunications.
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Vivendi Universal SA, owner of the world&#39;s largest music company, plans to sell a 15 percent stake in Veolia Environnement SA to cut debt and focus on media and mobile-phone businesses.
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The wireless company buys a majority stake in Iridigm, developer of a brighter, low-cost alternative to LCD screens.
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Societa' ceca in corsa nella privatizzazione della Telecom
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Vivendi Universal SA, the French media and telecommunications company, said Tuesday its net loss ballooned to 1.85 billion euros ($2.
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Philips Electronics, Europe&#39;s largest maker of CD players, said Thursday that it had sold its 3 percent stake in Vivendi Universal, owner of the world&#39;s biggest music company.
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Vivendi's recovery is almost complete, the French media and telecommunications giant declared Tuesday, despite a massive second-quarter net loss bloated by the effects of the weaker U.S. dollar.
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PARIS The French government formally ceded control of France TÃ©lÃ©com on Wednesday as it began the sale of up to E5.8 billion of shares in the second-largest European phone company.
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France will sell 9.6 percent of shares in France Telecom, the French finance ministry announced Wednesday. The state-owned telecommunications company will raise at least $5.
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By Ross Tieman in Toulouse  The drive by French media and telecoms conglomerate Vivendi and its British partner Vodafone to usurp the dominance of historic operator France Telecom in the French telecoms market is gathering pace.
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French media group Vivendi Universal has reported a 48-percent jump in net profit for the first half of 2006, to 1.8 billion euros, and confirmed its forecast of at least 16-percent growth for the full year.
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France will sell up to 12.1 percent of France Telecom in Europe's largest share placement in four years, bringing as much as $6.95 billion into state coffers.
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The French telecommunications operator France Telecom wants to buy the 46 percent of business telecom-services unit Equant it does not already own, marking another step in its general integration strategy.
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Vivendi Universal on Thursday sold a 15 per cent stake in its former water subsidiary Veolia Environnement, raising about â¬1.5bn for the French group to pay back debt and tighten its focus on media and telecommunications.
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The United Arab Emirates and Qatar are set to own nearly half of the London Stock Exchange, a source close to the matter told AFP on Thursday.
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Vivendi Universal SA has reached a deal with French authorities to change its tax regime in a deal that will boost its bottom line, the entertainment and telecommunications giant said Thursday.
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The Czech government's privatization agency received five preliminary bids for a majority stake in the country's dominant telecommunications company, an official said Monday.