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Vivendi unwilling to pay above 6 bn for SFR stake

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CIOL Bureau
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LONDON, UK: European telecoms and entertainment group Vivendi is not willing to pay much more than 6 billion pounds ($9.6 billion) for Vodafone's stake in SFR, the Financial Times said on Monday, citing sources familiar with the talks.

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Vivendi wants full ownership of French mobile phone operator SFR and has long been seen as a likely acquirer of Vodafone's 44 per cent stake.

Analysts expect the deal could be worth 7-8 billion euros.

Vodafone and Vivendi were not immediately reachable for comment.

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