Friday, March 5, 2010

Vivendi eyes Brazil mobile sector

Vivendi is to consider the case for moving into Brazil’s highly competitive mobile phone market, after last year concluding an ambitious deal to buy one of the country’s leading fixed-line broadband companies.

Jean-Bernard Lévy, Vivendi’s chief executive, told the Financial Times that the French conglomerate would “closely watch what is happening on the mobile scene in case we find some opportunities”, after last November finalising a €3bn ($4bn) deal to buy GVT, a fast-growing Brazilian fixed-line broadband company.

Mr Lévy also underlined Vivendi’s determination to buy Vodafone out of SFR, France’s second-largest mobile operator, that is jointly owned by the two groups

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