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MarketScreener Homepage  >  Equities  >  Euronext Paris  >  Vivendi    VIV   FR0000127771

VIVENDI

(VIV)
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Real-time Estimate Quote. Real-time Estimate Tradegate - 02/25 03:02:09 pm
24.71 EUR   -0.76%
05:01aMEDIASET : Vivendi Restart Negotiations to Settle Legal Disputes -Il Messaggero
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Brazil's Oi Interested in Sale of Rival GVT - Report

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11/16/2012 | 08:44am EST

SAO PAULO--Brazilian phone company Oi SA (OIBR, OIBR4.BR) is interested in the sale of rival phone company GVT by France's Vivendi SA (VIVEF, VIVHY, VIV.FR), the Valor newspaper reported Friday, citing Oi chief executive Francisco Valim.

"We consider any market opportunity and we are starting to analyze GVT," Mr. Valim said, according to the report.

GVT was founded as a startup to compete against Oi in southern Brazil, but the report said there are unlikely to be any antitrust issues. Mr. Valim said in principle that there wouldn't be any legal impediment, "but if we were to take a decision in this sense, we would consult with the regulatory bodies."

Vivendi has pledged to review its far-flung conglomerate strategy in a bid to boost its share price. People familiar with the firm have previously said bids for GVT are expected by the end of the year, and one person has said that the French firm probably wouldn't sell for less than 7 billion euros ($8.9 billion).

Separately, on Thursday, the chief operating officer of Telecom Italia SpA (TI, TIT.MI) said that firm's board plans to evaluate a purchase of GVT at its meeting at the beginning of December, but it would need to raise capital to fund its bid.

GVT is "is a good asset, an interesting asset--not cheap," Marco Patuano said at the Morgan Stanley TMT Conference in Barcelona. If the board of directors considers that this investment has to be made, at that point the question will arise of how to finance it, he added.

-Sam Schechner in Barcelona contributed to this article.

Write to Matthew Cowley at matthew.cowley@dowjones.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires

Stocks mentioned in the article
ChangeLast1st jan.
EURO / BRAZILIAN REAL (EUR/BRL) 0.37% 4.7716 Delayed Quote.5.45%
OI S.A. 2.10% 1.46 End-of-day quote.19.51%
TELECOM ITALIA S.P.A. -0.51% 0.5104 Delayed Quote.-3.99%
TELECOM ITALIA S.P.A. -0.23% 0.51065 Delayed Quote.-4.53%
VIVENDI -0.28% 24.83 Real-time Quote.-3.56%
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Financials (EUR)
Sales 2020 16 908 M
EBIT 2020 1 896 M
Net income 2020 1 292 M
Debt 2020 4 685 M
Yield 2020 2,27%
P/E ratio 2020 21,9x
P/E ratio 2021 19,6x
EV / Sales2020 2,00x
EV / Sales2021 1,87x
Capitalization 29 065 M
Chart VIVENDI
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Technical analysis trends VIVENDI
Short TermMid-TermLong Term
TrendsNeutralNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 29,52  €
Last Close Price 24,90  €
Spread / Highest target 72,7%
Spread / Average Target 18,5%
Spread / Lowest Target -11,6%
EPS Revisions
Managers
NameTitle
Arnaud de Puyfontaine Chief Executive Officer
Yannick Bolloré Chairman-Supervisory Board
Stéphane Roussel Chief Operating Officer & Director
Hervé Philippe Director & Chief Financial Officer
Simon John Gillham Director & Member-Management Board
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