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Vivendi closes €17B SFR sale

Vivendi has completed the €17 billion sale of SFR to Numericable, including a cash element of €13.37 billion. A portion of the proceeds is already earmarked for the purchase of French MVNO Virgin Mobile In fact, Vivendi is contributing €200 million …

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NII Holdings unveils restructuring plan

NII Holdings, which runs mobile operations in three Latin American markets under the Nextel brand, announced a restructuring plan with which it hopes to exit the bankruptcy protection it entered in September. Steve Shindler, NII Holdings CEO, said the plan “provides …