Vivendi confirms talks with Zain
Vivendi confirms its interest for acquiring a majority stake in the Zain group’s telecommunications activities in Africa, in line with its clearly defined strategy of seeking growth opportunities in emerging countries.
This acquisition would enable Vivendi to capitalize on its successful experience of developing mobile telephony in Africa.
However at this stage there is no certainty that the discussions currently in progress will lead to a successful outcome.
In any event, Vivendi will examine this investment according to its usual profitability criteria and will adhere strictly to its usual principles of financial discipline. In particular, Vivendi attaches the utmost importance to keeping its credit rating and its dividend at their current levels and will continue to work in the interests of its shareholders.
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