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Latest Satellite News Discussion, Vivendi will not split into two divisions at General Satellite News forum; Vivendi will not split into two divisions Pascale Paoli-Lebailly | 31-08-2012 French media giant Vivendi, which has just confirmed its ...

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Vivendi will not split into two divisions - 31-August-2012, 14:00

Vivendi will not split into two divisions

Pascale Paoli-Lebailly | 31-08-2012

French media giant Vivendi, which has just confirmed its 2012 forecasts, is toevolve but wont split its activities, sharing telecom (SFR, Maroc Telecom, GVT ) and media entities (Universal Music, Canal+, ActivisionBlizzard).

Such an operation would be technically possible but financially unbearable with a 14 billion loss weight too much heavy to bear by two separate branches. More details about the strategy and perimeter will be given by Spring 2013 as and when appropriate the group added at the presentation of its half yearly results.

New CEO Jean-Franois Dubos didnt go further about the future of Vivendis developments and strategy. The idea that Vivendi could sell activities has been strengthened however as the group said it could reduce its debt in case of transfer of assets.

Posting 14.1 billion revenues on the half year, down 1.2%, Vivendis Adjusted Net Income reached 1.5 billion, down 16.6% compared to first half 2011, owing to a decrease in EBITA and increased taxes. Year-end net debt outlook has been confirmed at below 14 billion.


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