Vivendi mobile arm shines
Vivendi Universal (EAUG.PA) posted a 7 percent rise in its fourth-quarter revenue on Monday as its SFR arm, France's second biggest mobile phone operator, helped make up for below-forecast music and games sales.
The French telecoms and media group saw revenues in the three months to December 31 rise to 5.48 billion euros ($6.7 billion) from 5.12 billion euros a year earlier, just above the average forecast of 5.43 billion euros given in a Reuters poll of analysts.
On an underlying basis sales growth in the fourth quarter ran out of steam, dropping to 4 percent from 8 percent in the previous three months and during the first nine months of 2005.
Vivendi is cementing its recovery after a three-year restructuring during which it had to sell assets to cut debts that nearly sank it in 2002.
The French telecoms and media group saw revenues in the three months to December 31 rise to 5.48 billion euros ($6.7 billion) from 5.12 billion euros a year earlier, just above the average forecast of 5.43 billion euros given in a Reuters poll of analysts.
On an underlying basis sales growth in the fourth quarter ran out of steam, dropping to 4 percent from 8 percent in the previous three months and during the first nine months of 2005.
Vivendi is cementing its recovery after a three-year restructuring during which it had to sell assets to cut debts that nearly sank it in 2002.
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