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Vodafone tidies up with $11 bln SFR sale to Vivendi
Vodafone (VOD.L) emerged on top after it finally sold its stake in France's SFR to Vivendi (VIV.PA) which, like other recent buyers, paid a full price to secure control in a major realignment of the telecoms sector. The long-awaited 7.95 billion euros ($11.31 billion) deal came just two weeks after Deutsche Telekom AG (DTEGn.DE) agreed to sell out of the U.S. for $39 billion and after Vodafone itself agreed to buy out its Indian partner for a hefty price. Analysts said the price Vivendi paid for SFR was at the higher end of expectations. This recent activity reflects a move by telecom firms to divest minority assets ... (full story)