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Articles tagged with: Vivendi and Debt Ratings
Vivendi Suspends Talks with Zain Over African Investment
France's vivendi announced today that it is interrupting talks, started some weeks ago, with Zain Group, to acquire a majority stake in its African telecommunications activities. more
Related Tags: zain, celtel, France
The debt ratings agency, Moody's has upgraded Vodafone's long-term rating outlook from negative to stable. The change in outlook to stable reflects the clarification on the total amount invested by Vodafone in connection with its increased equity stake in Cegetel Groupe. Due to vivendi Universal utilising its preemption right Vodafone only acquired SBC's 15% economic interest in Cegetel at a cost of US$2.5 billion and not the larger BT Group stake which vivendi acquired at a cost of US$4.4 billion. more