MUMBAI: Vivendi SA, the French media and telecom company which is facing a tariff war in its home market, is in exploratory talks to buy a stake in
mobile licence holder Datacom Solutions, owned by the Videocon group, said a person familiar with the matter.
“Officials from Vivendi were in India last week and held two rounds of talks with Datacom team in Delhi,” said a source privy to the discussions. “They want a majority stake. Both the sides will meet again in a few weeks to take the discussion forward.” There is no certainty the deal would happen as many issues have to be agreed upon between them, he said.
Videocon group CMD VN Dhoot declined to comment. Vivendi press director Solange Maulini said, “we have no comment.”
Global telecom companies such as Norway’s Telenor, Japan’s NTT DoCoMo and Russia’s Sistema have bought stakes in Indian mobile operators as growth in their traditional markets plateau.
French firm Vivendi dials Datacom for 51% stake- Telecom-News By Industry-News-The Economic Times
mobile licence holder Datacom Solutions, owned by the Videocon group, said a person familiar with the matter.
“Officials from Vivendi were in India last week and held two rounds of talks with Datacom team in Delhi,” said a source privy to the discussions. “They want a majority stake. Both the sides will meet again in a few weeks to take the discussion forward.” There is no certainty the deal would happen as many issues have to be agreed upon between them, he said.
Videocon group CMD VN Dhoot declined to comment. Vivendi press director Solange Maulini said, “we have no comment.”
Global telecom companies such as Norway’s Telenor, Japan’s NTT DoCoMo and Russia’s Sistema have bought stakes in Indian mobile operators as growth in their traditional markets plateau.
French firm Vivendi dials Datacom for 51% stake- Telecom-News By Industry-News-The Economic Times
