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Vivendi confirms Zain talks

French conglomerate Vivendi issued a statement yesterday confirming widespread reports it is in talks to buy a controlling stake in the African mobile phone businesses of Zain, the Kuwaiti telecoms group, as the French company seeks to ramp up its exposure to emerging markets.

Vivendi breaks off Zain Africa talks

French media conglomerate Vivendi announced in a short statement this morning that it has called-off talks to acquire a majority stake in Zain’s African mobile businesses.

Zain reports steady 1H09, Africa sale ongoing

Kuwait-based Zain reported a 4.4 percent rise in net income for the first half of this year, but its results announcement was overshadowed by continued M&A rumours at the firm.

Vivendi offers EUR2B for Brazil’s GVT

Vivendi, the French communications and entertainment group, has set out to establish a foothold in the fast-growing Latin American market by launching a EUR2 billion takeover bid for GVT, a Brazilian telecoms provider.