Vivendi http://www.alacrastore.com/company-snapshot/Vivendi-1006972 28 Nov 2009 07:27:43 EST 1006972 Vivendi en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/research/creditsights-Euro_TMT_Weekly_November_27th_2009-9198791987cs/91987normArticleTemplateM&A was the hot topic this week, though the deals put forward were relatively modest. In this week’s issue, we examine this topic and, also incorporate Vivendi into our relative value discussion.cuckomchapmanpatrizia_d’amicodeutsche_telekomfrance_telecomtelecom_italiatelefonicatelenorvivendivodafonefrance_telecomtelefonicavivendideutsche_telekomtelecom_italiatelenorvodafonefrancespainunited_kingdomfrancespainunited_kingdom9198727 Nov 2009 10:08:59 ESTYes91987150CreditSights Inceuropeeuropediversified_mediaintegrated_telecommedia_cabletelecomtmtwirelessdiversified_mediaintegrated_telecommedia_cabletelecomtmtwirelessPublishedcompanies_withnvertibleseuro_markets_issuerscompanies_withnvertibleseuro_markets_issuers Euro TMT Weekly: November ##th #### With sundry deals from VIV, TEF, KPN and FT this week, M&A is very much back in the spotlight for European telecoms players. None of the deals thus far have been major cause for concern, but we believe...EuroTMTWeeklyEuro TMT Weekly2661Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/creditsights-Vivendi_Prowling_about_for_the_next_Call_of_Duty-9196891968cs/91968normArticleTemplateWe initiate coverage on Vivendi, focusing particularly on the major role of event risk as a credit driver as the company resumes its hunt for the best deals out there in the media & telecoms spaces.cuckomchapmanpatrizia_d’amicobskybcomcastfrance_telecomgeneral_electricvivendivodafonevivendibskybcomcastfrance_telecomgeneral_electricvodafonefrancefrance9196827 Nov 2009 03:10:18 ESTYes91968500CreditSights Inceuropeeuropediversified_mediamedia_cabletmtdiversified_mediamedia_cabletmtPublishedcompanies_withnvertibleseuro_markets_issuerscompanies_withnvertibleseuro_markets_issuersSpotlightReportCompany Spotlight Report6042 Vivendi: Prowling about for the next Call of Duty? Vivendi remains a highly visible name, with a steady stream of M&A related headlines. VIV clearly is looking to put a meaningful amount of balance sheet to work, but we believe it is...Credit & Investment ResearchCreditSightsFRANCE - Vivendi SA planned to raise its interest to ##% from ##%, by acquiring a #% stake in Groupe Canal + SA, a Issy-Les-Moulineaux Cedex- based owner and operator of pay TV channels, from M# Metropole Television SA.25 Nov 2009 08:29:08 EST92852E39950E92852E92852EVivendi SAGroupe Canal+ SAVivendi SAVivendi SAhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Vivendi_SA_acquires_a_minority_stake_in_Groupe_Canal_SA-2130853040sdc/21308530402130853040Copyright © 2009, Thomson Financial, All Rights ReservedEuro P.P.MMotion Picture Production and DistributionFranceMotion picture and video tape production7812FFForeignPublicVIV4812:Radiotelephone communications4813:Telephone communications, except radiotelephone4833:Television broadcasting stations4841:Cable and other pay television services6719:Offices of holding companies, nec7372:Prepackaged Software7812:Motion picture and video tape production7829:Services allied to motion picture distribution4812:Radiotelephone communications4813:Telephone communications, except radiotelephone4833:Television broadcasting stations4841:Cable and other pay television services6719:Offices of holding companies, nec7372:Prepackaged Software7812:Motion picture and video tape production7829:Services allied to motion picture distributionRadio and Television Broadcasting StationsFranceTelevision broadcasting stations4833FFForeignSubsidiary7993004Pvd digital ent,media svcsPvd digital ent,media svcsUnspecifiedStock718322002Nov 25 20090.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.0000026.0000027.0000028.0000029.0000030.00000Vivendi SA, located in Paris,France, provides digitalentertainment and mediaservices. The Company operatesin telecommunication, music,television, film and games.The Group operates televisionnetworks, television & filmproduction and broadcasting,manufactures decodingequipment for both analogueand digital televisionreception, recorded music inall commercial formats andmusical genres. It alsodevelops interactiveentertainment products likePCs, video game consoles andthe Internet. In theTelecommunication sector, itoperates both mobile and fixedtelephone networks. The Groupoperates in USA, Holland,Germany, UK, Japan, Morocco,Kenya, Poland, Holland andBrazil. It also serves asholding company for UniversalMusic Group, Vivendi games,Canal+, SFR and Maroc Telecom.It was founded in 2000.Vivendi SA, located in Paris, France, provides digitalentertainment and media services. The Company operates intelecommunication, music, television, film and games. TheGroup operates television networks, television & filmproduction and broadcasting, manufactures decoding equipmentfor both analogue and digital television reception, recordedmusic in all commercial formats and musical genres. It alsodevelops interactive entertainment products like PCs, videogame consoles and the Internet. In the Telecommunicationsector, it operates both mobile and fixed telephonenetworks. The Group operates in USA, Holland, Germany, UK,Japan, Morocco, Kenya, Poland, Holland and Brazil. It alsoserves as holding company for Universal Music Group, Vivendigames, Canal+, SFR and Maroc Telecom. It was founded in2000.Vivendi SA, located in Paris, France, provides digital entertainment and media services. The Company operates in telecommunication, music, television, film and games. The Group operates television networks, television & film production and broadcasting, manufactures decoding equipment for both analogue and digital television reception, recorded music in all commercial formats and musical genres. It also develops interactive entertainment products like PCs, video game consoles and the Internet. In the Telecommunication sector, it operates both mobile and fixed telephone networks. The Group operates in USA, Holland, Germany, UK, Japan, Morocco, Kenya, Poland, Holland and Brazil. It also serves as holding company for Universal Music Group, Vivendi games, Canal+, SFR and Maroc Telecom. It was founded in 2000.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.00000Groupe Canal+ SA, located inIssy-Les-Moulineaux Cedex 9,France, owns and operates paytelevision channels. Itprovides motion pictureproduction and distributionthrough its divisions: Canal+SA, Canal+ Cinema, Canal+Sport, Cana+ Decale, Canal+Hi-Tech, iTele, Sport+,Cuisine.tv, Comedie!, CineCinema, Planete, Planete Choc,Planete Thalassa, MA Planete,Jimmy, Seasons, CanalSat,MediaOverseas and StudioCanal. The company was foundedin December 2000.Groupe Canal+ SA, located in Issy-Les-Moulineaux Cedex 9,France, owns and operates pay television channels. Itprovides motion picture production and distribution throughits divisions: Canal+ SA, Canal+ Cinema, Canal+ Sport, Cana+Decale, Canal+ Hi-Tech, iTele, Sport+, Cuisine.tv, Comedie!,Cine Cinema, Planete, Planete Choc, Planete Thalassa, MAPlanete, Jimmy, Seasons, CanalSat, MediaOverseas and StudioCanal. The company was founded in December 2000.Groupe Canal+ SA, located in Issy-Les-Moulineaux Cedex 9, France, owns and operates pay television channels. It provides motion picture production and distribution through its divisions: Canal+ SA, Canal+ Cinema, Canal+ Sport, Cana+ Decale, Canal+ Hi-Tech, iTele, Sport+, Cuisine.tv, Comedie!, Cine Cinema, Planete, Planete Choc, Planete Thalassa, MA Planete, Jimmy, Seasons, CanalSat, MediaOverseas and Studio Canal. The company was founded in December 2000.0.000000.000000.000000.00000N23 Nov 09Mon, 23 Nov 2009 00:00:00 ESTDate Announced: 11/23/2009Date Effective:Acq. Part. Int.Neutral0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.0000075.000005.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.00000FRANCE - Vivendi SA plannedto raise its interest to 80%from 75%, by acquiring a 5%stake in Groupe Canal + SA, aIssy-Les-Moulineaux Cedex-based owner and operator ofpay TV channels, from M6Metropole Television SA.FRANCE - Vivendi SA planned to raise its interest to 80% from 75%, by acquiring a 5% stake in Groupe Canal + SA, a Issy-Les-Moulineaux Cedex- based owner and operator of pay TV channels, from M6 Metropole Television SA.FRANCE - Vivendi SA planned to raise its interest to 80% from 75%, by acquiring a 5% stakein Groupe Canal + SA, a Issy-Les-Moulineaux Cedex- based owner and operator of pay TVchannels, from M6 Metropole Television SA.FRANCE - Vivendi SA planned to raise its interest to 80% from 75%, by acquiring a 5% stake in Groupe Canal + SA, a Issy-Les-Moulineaux Cedex- based owner and operator of pay TV channels, from M6Metropole Television SA.FRANCE - Vivendi SA planned to raise its interest to 80% from 75%, by acquiring a 5% stake in Groupe Canal + SA, a Issy-Les-MoulineauxCedex- based owner and operator of pay TV channels, from M6 Metropole Television SA.0.00000Nomura Securities Co Ltd1.00000Nomura Securities Co Ltd1.000000.00000Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000004833:Television broadcasting stations4841:Cable and other pay television services7812:Motion picture and video tape production7822:Motion picture and video tape distribution7829:Services allied to motion picture distribution7993004Euro P.P.MFrance7812ForeignPublicVIV4812:Radiotelephone communications4813:Telephone communications, except radiotelephone4833:Television broadcasting stations4841:Cable and other pay television services6719:Offices of holding companies, nec7372:Prepackaged Software7812:Motion picture and video tape production7829:Services allied to motion picture distribution7993004Euro P.P.MFrance7812ForeignPublicVIV0.000000.000000.000000.00000Deal InformationTF Mergers & AcquisitionsFRANCE Vivendi SA singed a definitive agreement to raise its interest to ##% from ##. #%, by acquiring a #.#% stake in Groupe Canal+ SA, a Issy- Les-Moulineaux Cedex-based owner and operator of pay TV channels, from Television Francaise # SA{TF#}, for EUR ### mil (USD #.### bil).25 Nov 2009 08:29:08 EST92852E39950E92852E92852EVivendi SAGroupe Canal+ SAVivendi SAVivendi SAhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Vivendi_SA_acquires_a_minority_stake_in_Groupe_Canal_SA-2130782040sdc/21307820402130782040Copyright © 2009, Thomson Financial, All Rights ReservedEuro P.P.MMotion Picture Production and DistributionFranceMotion picture and video tape production7812FFForeignPublicVIV4812:Radiotelephone communications4813:Telephone communications, except radiotelephone4833:Television broadcasting stations4841:Cable and other pay television services6719:Offices of holding companies, nec7372:Prepackaged Software7812:Motion picture and video tape production7829:Services allied to motion picture distribution4812:Radiotelephone communications4813:Telephone communications, except radiotelephone4833:Television broadcasting stations4841:Cable and other pay television services6719:Offices of holding companies, nec7372:Prepackaged Software7812:Motion picture and video tape production7829:Services allied to motion picture distributionRadio and Television Broadcasting StationsFranceTelevision broadcasting stations4833FFForeignSubsidiary7993004Pvd digital ent,media svcsPvd digital ent,media svcsCashCash OnlyStock718322002Nov 25 20090.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.0000026.0000027.0000028.0000029.0000030.00000Vivendi SA, located in Paris,France, provides digitalentertainment and mediaservices. The Company operatesin telecommunication, music,television, film and games.The Group operates televisionnetworks, television & filmproduction and broadcasting,manufactures decodingequipment for both analogueand digital televisionreception, recorded music inall commercial formats andmusical genres. It alsodevelops interactiveentertainment products likePCs, video game consoles andthe Internet. In theTelecommunication sector, itoperates both mobile and fixedtelephone networks. The Groupoperates in USA, Holland,Germany, UK, Japan, Morocco,Kenya, Poland, Holland andBrazil. It also serves asholding company for UniversalMusic Group, Vivendi games,Canal+, SFR and Maroc Telecom.It was founded in 2000.Vivendi SA, located in Paris, France, provides digitalentertainment and media services. The Company operates intelecommunication, music, television, film and games. TheGroup operates television networks, television & filmproduction and broadcasting, manufactures decoding equipmentfor both analogue and digital television reception, recordedmusic in all commercial formats and musical genres. It alsodevelops interactive entertainment products like PCs, videogame consoles and the Internet. In the Telecommunicationsector, it operates both mobile and fixed telephonenetworks. The Group operates in USA, Holland, Germany, UK,Japan, Morocco, Kenya, Poland, Holland and Brazil. It alsoserves as holding company for Universal Music Group, Vivendigames, Canal+, SFR and Maroc Telecom. It was founded in2000.Vivendi SA, located in Paris, France, provides digital entertainment and media services. The Company operates in telecommunication, music, television, film and games. The Group operates television networks, television & film production and broadcasting, manufactures decoding equipment for both analogue and digital television reception, recorded music in all commercial formats and musical genres. It also develops interactive entertainment products like PCs, video game consoles and the Internet. In the Telecommunication sector, it operates both mobile and fixed telephone networks. The Group operates in USA, Holland, Germany, UK, Japan, Morocco, Kenya, Poland, Holland and Brazil. It also serves as holding company for Universal Music Group, Vivendi games, Canal+, SFR and Maroc Telecom. It was founded in 2000.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.00000Groupe Canal+ SA, located inIssy-Les-Moulineaux Cedex 9,France, owns and operates paytelevision channels. Itprovides motion pictureproduction and distributionthrough its divisions: Canal+SA, Canal+ Cinema, Canal+Sport, Cana+ Decale, Canal+Hi-Tech, iTele, Sport+,Cuisine.tv, Comedie!, CineCinema, Planete, Planete Choc,Planete Thalassa, MA Planete,Jimmy, Seasons, CanalSat,MediaOverseas and StudioCanal. The company was foundedin December 2000.Groupe Canal+ SA, located in Issy-Les-Moulineaux Cedex 9,France, owns and operates pay television channels. Itprovides motion picture production and distribution throughits divisions: Canal+ SA, Canal+ Cinema, Canal+ Sport, Cana+Decale, Canal+ Hi-Tech, iTele, Sport+, Cuisine.tv, Comedie!,Cine Cinema, Planete, Planete Choc, Planete Thalassa, MAPlanete, Jimmy, Seasons, CanalSat, MediaOverseas and StudioCanal. The company was founded in December 2000.Groupe Canal+ SA, located in Issy-Les-Moulineaux Cedex 9, France, owns and operates pay television channels. It provides motion picture production and distribution through its divisions: Canal+ SA, Canal+ Cinema, Canal+ Sport, Cana+ Decale, Canal+ Hi-Tech, iTele, Sport+, Cuisine.tv, Comedie!, Cine Cinema, Planete, Planete Choc, Planete Thalassa, MA Planete, Jimmy, Seasons, CanalSat, MediaOverseas and Studio Canal. The company was founded in December 2000.0.000000.000000.000000.00000NEURO23 Nov 09Mon, 23 Nov 2009 00:00:00 ESTDate Announced: 11/23/2009Date Effective:Acq. Part. Int.Neutral0.000000.000000.000007515.152000.000000.00000Price/Share0.00000744 EURO744.000007515.15200744 EURO744.000000.000000.000000.000000.00000744.00000744 EURO1.49600N670.283000.000000.000000.000000.000000.000001113.272001113.272000.000000.000000.000000.000000.000000.000000.0000065.100009.900000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.0000011245.177000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.00000FRANCE Vivendi SA singed adefinitive agreement to raiseits interest to 75% from 65.1%, by acquiring a 9.9% stakein Groupe Canal+ SA, a Issy-Les-Moulineaux Cedex-basedowner and operator of pay TVchannels, from TelevisionFrancaise 1 SA{TF1}, for EUR744 mil (USD 1.113 bil).FRANCE Vivendi SA singed a definitive agreement to raise its interest to 75% from 65. 1%, by acquiring a 9.9% stake in Groupe Canal+ SA, a Issy- Les-Moulineaux Cedex-based owner and operator of pay TV channels, from Television Francaise 1 SA{TF1}, for EUR 744 mil (USD 1.113 bil).FRANCE Vivendi SA singed a definitive agreement to raise its interest to 75% from 65. 1%,by acquiring a 9.9% stake in Groupe Canal+ SA, a Issy- Les-Moulineaux Cedex-based ownerand operator of pay TV channels, from Television Francaise 1 SA{TF1}, for EUR 744 mil (USD1.113 bil).FRANCE Vivendi SA singed a definitive agreement to raise its interest to 75% from 65. 1%, by acquiring a 9.9% stake in Groupe Canal+ SA, a Issy- Les-Moulineaux Cedex-based owner and operator of pay TVchannels, from Television Francaise 1 SA{TF1}, for EUR 744 mil (USD 1.113 bil).FRANCE Vivendi SA singed a definitive agreement to raise its interest to 75% from 65. 1%, by acquiring a 9.9% stake in Groupe Canal+ SA,a Issy- Les-Moulineaux Cedex-based owner and operator of pay TV channels, from Television Francaise 1 SA{TF1}, for EUR 744 mil (USD 1.113bil).0.00000Nomura Securities Co Ltd1.00000Nomura Securities Co Ltd1.000000.00000Pending0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Pending-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000004833:Television broadcasting stations4841:Cable and other pay television services7812:Motion picture and video tape production7822:Motion picture and video tape distribution7829:Services allied to motion picture distribution7993004Euro P.P.MFrance7812ForeignPublicVIV4812:Radiotelephone communications4813:Telephone communications, except radiotelephone4833:Television broadcasting stations4841:Cable and other pay television services6719:Offices of holding companies, nec7372:Prepackaged Software7812:Motion picture and video tape production7829:Services allied to motion picture distribution7993004Euro P.P.MFrance7812ForeignPublicVIV1113.27200744.000001113.27200670.28300Deal InformationTF Mergers & AcquisitionsFRANCE - In May ####, Lagardere SCA announced that it was seeking a buyer for its ##% stake in Groupe Canal + SA, an Issy-Les-Moulineaux Cedex-based owner and operator of pay TV channels.25 Nov 2009 08:29:08 EST81572I39950E81572I92852ESeeking BuyerGroupe Canal+ SASeeking BuyerVivendi SAhttp://www.alacrastore.com/storecontent/Thomson_M%26A/Vivendi_SA_seeking_buyer_for_minority_stake_in_Groupe_Canal_SA-2130849040sdc/21308490402130849040Copyright © 2009, Thomson Financial, All Rights ReservedInvestment & Commodity Firms,Dealers,ExchangesUnknownInvestors, nec6799UNUnknownPrivate6799:Investors, nec6799:Investors, necRadio and Television Broadcasting StationsFranceTelevision broadcasting stations4833FFForeignSubsidiary12029001Seeking buyerPvd digital ent,media svcsNot ApplicableStock718322002Nov 25 20090.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.00000Seeking buyerSeeking buyerSeeking buyer1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.00000Groupe Canal+ SA, located inIssy-Les-Moulineaux Cedex 9,France, owns and operates paytelevision channels. Itprovides motion pictureproduction and distributionthrough its divisions: Canal+SA, Canal+ Cinema, Canal+Sport, Cana+ Decale, Canal+Hi-Tech, iTele, Sport+,Cuisine.tv, Comedie!, CineCinema, Planete, Planete Choc,Planete Thalassa, MA Planete,Jimmy, Seasons, CanalSat,MediaOverseas and StudioCanal. The company was foundedin December 2000.Groupe Canal+ SA, located in Issy-Les-Moulineaux Cedex 9,France, owns and operates pay television channels. Itprovides motion picture production and distribution throughits divisions: Canal+ SA, Canal+ Cinema, Canal+ Sport, Cana+Decale, Canal+ Hi-Tech, iTele, Sport+, Cuisine.tv, Comedie!,Cine Cinema, Planete, Planete Choc, Planete Thalassa, MAPlanete, Jimmy, Seasons, CanalSat, MediaOverseas and StudioCanal. The company was founded in December 2000.Groupe Canal+ SA, located in Issy-Les-Moulineaux Cedex 9, France, owns and operates pay television channels. It provides motion picture production and distribution through its divisions: Canal+ SA, Canal+ Cinema, Canal+ Sport, Cana+ Decale, Canal+ Hi-Tech, iTele, Sport+, Cuisine.tv, Comedie!, Cine Cinema, Planete, Planete Choc, Planete Thalassa, MA Planete, Jimmy, Seasons, CanalSat, MediaOverseas and Studio Canal. The company was founded in December 2000.0.000000.000000.000000.00000N23 Nov 09Mon, 23 Nov 2009 00:00:00 ESTDate Announced: 11/23/2009Date Effective:Acq. Part. Int.Friendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.000000.000000.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.0000020.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.000006.000007.00000FRANCE - In May 2009,Lagardere SCA announced thatit was seeking a buyer forits 20% stake in Groupe Canal+ SA, an Issy-Les-MoulineauxCedex-based owner andoperator of pay TV channels.FRANCE - In May 2009, Lagardere SCA announced that it was seeking a buyer for its 20% stake in Groupe Canal + SA, an Issy-Les-Moulineaux Cedex-based owner and operator of pay TV channels.FRANCE - In May 2009, Lagardere SCA announced that it was seeking a buyer for its 20%stake in Groupe Canal + SA, an Issy-Les-Moulineaux Cedex-based owner and operator of payTV channels.FRANCE - In May 2009, Lagardere SCA announced that it was seeking a buyer for its 20% stake in Groupe Canal + SA, an Issy-Les-Moulineaux Cedex-based owner and operator of pay TV channels.FRANCE - In May 2009, Lagardere SCA announced that it was seeking a buyer for its 20% stake in Groupe Canal + SA, an Issy-Les-MoulineauxCedex-based owner and operator of pay TV channels.S Buyer0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:S Buyer-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000004833:Television broadcasting stations4841:Cable and other pay television services7812:Motion picture and video tape production7822:Motion picture and video tape distribution7829:Services allied to motion picture distribution12029001Unknown6799UnknownPrivate4812:Radiotelephone communications4813:Telephone communications, except radiotelephone4833:Television broadcasting stations4841:Cable and other pay television services6719:Offices of holding companies, nec7372:Prepackaged Software7812:Motion picture and video tape production7829:Services allied to motion picture distribution7993004Euro P.P.MFrance7812ForeignPublicVIV0.000000.000000.000000.00000Deal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/research/creditsights-Euro_TMT_Weekly_November_20th_2009-9169991699cs/91699normArticleTemplateIn this week’s article we explore recent news from TEF, TI, TNOR, PT and TKA.cuckomchapmanpatrizia_d’amicoportugal_telecomtelecom_italiatelefonicatelekom_austriatelenorvivendivodafoneportugal_telecomtelecom_italiatelefonicatelenorvivendivodafonetelekom_austriafranceitalynorwayportugalspainunited_kingdomfranceitalynorwayportugalspainunited_kingdom9169920 Nov 2009 10:09:30 ESTYes91699150CreditSights Inceuropeeuropediversified_mediaintegrated_telecommedia_cabletelecomtmtwirelesstelecomdiversified_mediaintegrated_telecommedia_cabletmtwirelessPublishedcompanies_withnvertibleseuro_markets_issuerscompanies_withnvertibleseuro_markets_issuersEuroTMTWeeklyEuro TMT Weekly2507 Euro TMT Weekly: November ##th #### Portugal Telecom was the final European telco to report #Q## earnings, bucking the broader industry trend of declining capex. Vivendi will step into the Brazilian market following its successful...3comagerealcatel_lucentalltelamerican_national_insuranceamerican_real_estate_partnersamerican_towerattavayabcebelgacombell_aliantbskybbtcable_wirelesscablevisioncenturytelchina_mobilechina_telecomchina_unicomcisco_systemsclearwirecomcastcorningcox_communicationscrown_castledeutsche_telekomdish_networkembarqericssonfrance_telecomfreescalefrontier_communicationsgcihutchison_whampoainfineon_agintelintelsatipcsjds_uniphasekpnleap_wirelesslevel_3_communicationslg_philips_lcdmattelmotorolanextwavenokianortelnxp_semiconductoro2_plcote_hellenic_telecompanamsatportugal_telecomqualcommqwest_communicationsresearch_in_motionsamsungsba_commsessiemenssing_telsonyspectrasitesprint_nextelst_microelectronicstdctelecom_italiatelefonicatelekom_austriatelenortelephone_data_systemsteliasoneratelstratelustexas_instrumentstime_warnertpsaverizonverizon_wirelessvirgin_mediavivendivodafonewindwindstreamCredit & Investment ResearchCreditSightshttp://www.alacrastore.com/research/fitch-ratings-Fitch_Spectrum_Auctions_Likely_to_Delay_European_Telco_Deleveraging-537556_pr_frame537556_pr_framefitch/537556_pr_framehtmlBouygues S.A.Deutsche Telekom AGDeutsche Telekom International Finance B.V.France TélécomKoninklijke KPN N.V.OTE S.A.Portugal Telecom International Finance B.V.Portugal Telecom S.G.P.S., S.A.Ste Francaise du Radiotelephone (SFR)TDC ASTelecom Italia SpATelefonica Europe plcTelefonica SATelenor ASATeliaSonera ABVivendiVodafone Group plcWind Telecomunicazioni Spa80360045803602368036024080360263803607078036123980455172805206108094046681232640812326438206847082096151821565338256576783479269837254658829587618 Nov 2009 10:45:00 EST010304000103070085Press ReleaseDTEENFTEHTOKPNPTCTDCTEFTELTITTLSNVIVVODFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.ARGDEUDNKESPFRAGBRGRCINDITAMEXNLDNORPRTRUSSWEUSA010100000101010001020000010300000103040001031000020200000300000003010000030108000302000003030000040000000401000004020000Credit & Investment ResearchFitch ResearchBRAZIL - Vivendi SA (Vivendi) of France was granted an option to raise its interest to ##.#% from ##.#%, by acquiring a further ##.#% stake, or ##.### mil ordinary shares, in Global Village Telecom Ltda {GVT}, a Parana- based provider of telecommunication services, via a tender offer for BRL ## (USD ##.###) per share, or a total value of BRL #.### bil (USD ###.### mil). Concurrently, Vivendi acquired a ##.#% stake and agreed to launch a mandatory tender offer to acquire the remaining ##.#% stake in GVT.18 Nov 2009 08:08:16 EST92852E37901Q92852E37901QVivendi SAGlobal Village Telecom Ltda {GVT}Vivendi SAGlobal Village Telecom Ltda {GVT}http://www.alacrastore.com/storecontent/Thomson_M%26A/Vivendi_SA_intends_to_acquire_GVT-2128503040sdc/21285030402128503040Copyright © 2009, Thomson Financial, All Rights ReservedEuro P.P.MMotion Picture Production and DistributionFranceMotion picture and video tape production7812FFForeignPublicVIV4812:Radiotelephone communications4813:Telephone communications, except radiotelephone4833:Television broadcasting stations4841:Cable and other pay television services6719:Offices of holding companies, nec7372:Prepackaged Software7812:Motion picture and video tape production7829:Services allied to motion picture distribution4812:Radiotelephone communications4813:Telephone communications, except radiotelephone4833:Television broadcasting stations4841:Cable and other pay television services6719:Offices of holding companies, nec7372:Prepackaged Software7812:Motion picture and video tape production7829:Services allied to motion picture distributionClifford ChanceSouza CesconBOVESPATelecommunicationsBrazilTelephone communications, except radiotelephone4813FFForeignPublicGVTT37993004Pvd digital ent,media svcsPvd telecommun svcsCashCash OnlyOrdinary Share57976001Nov 18 20098.70900337.81100310.44900264.09500199.66000144.30600107.1240072.734001119.005000.410000.42100113.60200458.1710058.92200100.66500897.4910021.120001895.66500EUR30 Jun 090.000003605.109000.0000038313.2240072563.86000EURO30 Sep 0931 Dec 0831 Dec 0731 Dec 0631 Dec 0531 Dec 040.564001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.0000026.0000027.0000028.0000029.0000030.00000Vivendi SA, located in Paris,France, provides digitalentertainment and mediaservices. The Company operatesin telecommunication, music,television, film and games.The Group operates televisionnetworks, television & filmproduction and broadcasting,manufactures decodingequipment for both analogueand digital televisionreception, recorded music inall commercial formats andmusical genres. It alsodevelops interactiveentertainment products likePCs, video game consoles andthe Internet. In theTelecommunication sector, itoperates both mobile and fixedtelephone networks. The Groupoperates in USA, Holland,Germany, UK, Japan, Morocco,Kenya, Poland, Holland andBrazil. It also serves asholding company for UniversalMusic Group, Vivendi games,Canal+, SFR and Maroc Telecom.It was founded in 2000.Vivendi SA, located in Paris, France, provides digitalentertainment and media services. The Company operates intelecommunication, music, television, film and games. TheGroup operates television networks, television & filmproduction and broadcasting, manufactures decoding equipmentfor both analogue and digital television reception, recordedmusic in all commercial formats and musical genres. It alsodevelops interactive entertainment products like PCs, videogame consoles and the Internet. In the Telecommunicationsector, it operates both mobile and fixed telephonenetworks. The Group operates in USA, Holland, Germany, UK,Japan, Morocco, Kenya, Poland, Holland and Brazil. It alsoserves as holding company for Universal Music Group, Vivendigames, Canal+, SFR and Maroc Telecom. It was founded in2000.Vivendi SA, located in Paris, France, provides digital entertainment and media services. The Company operates in telecommunication, music, television, film and games. The Group operates television networks, television & film production and broadcasting, manufactures decoding equipment for both analogue and digital television reception, recorded music in all commercial formats and musical genres. It also develops interactive entertainment products like PCs, video game consoles and the Internet. In the Telecommunication sector, it operates both mobile and fixed telephone networks. The Group operates in USA, Holland, Germany, UK, Japan, Morocco, Kenya, Poland, Holland and Brazil. It also serves as holding company for Universal Music Group, Vivendi games, Canal+, SFR and Maroc Telecom. It was founded in 2000.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.0000026.0000027.0000028.00000Global Village Telecom Ltda{GVT}, located in Parana,Brazil, providestelecommunications andInternet solutions services.It offers fixed-line telephonyservices; corporate dataservices, including high-speedbroadband/ISP services,security service management,videoconferencing, mass mediastreaming, and virtual privatenetworks solutions; Internetand broadband services; andvoice over IP services. Thecompany operatestelecommunications networksbased on a single, integratedinfrastructure that supportmultiple protocols, withvoice, data, and IP. It offersits products and services toresidential, small offices,home offices, mediumenterprises, and corporatemarket segments under GVT,POP, and VONO brands. Thecompany was founded in 1999.Global Village Telecom Ltda {GVT}, located in Parana,Brazil, provides telecommunications and Internet solutionsservices. It offers fixed-line telephony services; corporatedata services, including high-speed broadband/ISP services,security service management, videoconferencing, mass mediastreaming, and virtual private networks solutions; Internetand broadband services; and voice over IP services. Thecompany operates telecommunications networks based on asingle, integrated infrastructure that support multipleprotocols, with voice, data, and IP. It offers its productsand services to residential, small offices, home offices,medium enterprises, and corporate market segments under GVT,POP, and VONO brands. The company was founded in 1999.Global Village Telecom Ltda {GVT}, located in Parana, Brazil, provides telecommunications and Internet solutions services. It offers fixed-line telephony services; corporate data services, including high-speed broadband/ISP services, security service management, videoconferencing, mass media streaming, and virtual private networks solutions; Internet and broadband services; and voice over IP services. The company operates telecommunications networks based on a single, integrated infrastructure that support multiple protocols, with voice, data, and IP. It offers its products and services to residential, small offices, home offices, medium enterprises, and corporate market segments under GVT, POP, and VONO brands. The company was founded in 1999.0.000000.000000.00000128.47000YBrazilian Real13 Nov 09Fri, 13 Nov 2009 00:00:00 ESTDate Announced: 11/13/2009Date Effective:Acq. Maj. Int.Friendly0.000000.000000.000007430.310000.0000056.00000Price/Share0.000001407.52 Brazilian Real1407.522007195.123001642.71 Brazilian Real1642.709000.000000.0000032.5390032.539001642.709001642.71 Brazilian Real0.58100N490.672000.000000.000000.000000.000000.00000817.85200817.8520013.0830013.5110036.9220071.185004.673000.000000.0000037.9160019.5650013.5090036.917003.7480071.176004.6730010.9500068.922004.525000.0000035.281000.000000.283004317.441000.000000.00000449.453000.000001119.00500366.72900178.759000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.00000BRAZIL - Vivendi SA (Vivendi)of France was granted anoption to raise its interestto 57.5% from 37.9%, byacquiring a further 19.6%stake, or 25.134 mil ordinaryshares, in Global VillageTelecom Ltda {GVT}, a Parana-based provider oftelecommunication services,via a tender offer for BRL 56(USD 32.534) per share, or atotal value of BRL 1.408 bil(USD 817.852 mil).Concurrently, Vivendiacquired a 37.9% stake andagreed to launch a mandatorytender offer to acquire theremaining 42.5% stake in GVT.BRAZIL - Vivendi SA (Vivendi) of France was granted an option to raise its interest to 57.5% from 37.9%, by acquiring a further 19.6% stake, or 25.134 mil ordinary shares, in Global Village Telecom Ltda {GVT}, a Parana- based provider of telecommunication services, via a tender offer for BRL 56 (USD 32.534) per share, or a total value of BRL 1.408 bil (USD 817.852 mil). Concurrently, Vivendi acquired a 37.9% stake and agreed to launch a mandatory tender offer to acquire the remaining 42.5% stake in GVT.BRAZIL - Vivendi SA (Vivendi) of France was granted an option to raise its interest to57.5% from 37.9%, by acquiring a further 19.6% stake, or 25.134 mil ordinary shares, inGlobal Village Telecom Ltda {GVT}, a Parana- based provider of telecommunication services,via a tender offer for BRL 56 (USD 32.534) per share, or a total value of BRL 1.408 bil(USD 817.852 mil). Concurrently, Vivendi acquired a 37.9% stake and agreed to launch amandatory tender offer to acquire the remaining 42.5% stake in GVT.BRAZIL - Vivendi SA (Vivendi) of France was granted an option to raise its interest to 57.5% from 37.9%, by acquiring a further 19.6% stake, or 25.134 mil ordinary shares, in Global Village TelecomLtda {GVT}, a Parana- based provider of telecommunication services, via a tender offer for BRL 56 (USD 32.534) per share, or a total value of BRL 1.408 bil (USD 817.852 mil). Concurrently, Vivendiacquired a 37.9% stake and agreed to launch a mandatory tender offer to acquire the remaining 42.5% stake in GVT.BRAZIL - Vivendi SA (Vivendi) of France was granted an option to raise its interest to 57.5% from 37.9%, by acquiring a further 19.6%stake, or 25.134 mil ordinary shares, in Global Village Telecom Ltda {GVT}, a Parana- based provider of telecommunication services, via atender offer for BRL 56 (USD 32.534) per share, or a total value of BRL 1.408 bil (USD 817.852 mil). Concurrently, Vivendi acquired a37.9% stake and agreed to launch a mandatory tender offer to acquire the remaining 42.5% stake in GVT.0.000000.00000BNP Paribas SACalyon Corporate and Investment Bank1.000002.00000Credit SuisseGoldman Sachs & Co1.000002.000000.000000.00000Intended26690.000002569.0000027302.0000051709.0000015.42800549.96100467.84400353.69800255.63800189.77000128.848001982.31900201.24600238.68000466.34000-548.11100949.81800-568.56000811.650001982.319001792.049001727.7630082.26600154.0200029.6780030.6180059.24800-71.75400124.34200-74.43100104.3810039.12600128.99300-66.8070067.33600-100.90000178.329001320.18400980.66700768.50400654.20500542.387001589.906003358.172003006.172002520.458001397.404001390.749001376.21900Status:IntendedBR0.069000.0690.112003.630003.6300.000000.000005.2660031.0670024.905001119.0050046.6720021.5710013.0810035.748003.629004812:Radiotelephone communications4813:Telephone communications, except radiotelephone4899:Communications services, nec7375:Information retrieval services7993004Euro P.P.MFrance7812ForeignPublicVIV4812:Radiotelephone communications4813:Telephone communications, except radiotelephone4899:Communications services, nec7375:Information retrieval services57976001BOVESPABrazil4813ForeignPublicGVTT3817.852001642.70900954.50900572.66000Allen & OveryDeal InformationTF Mergers & AcquisitionsBRAZIL - Vivendi SA (Vivendi) of France agreed to launch a mandatory tender offer to acquire the remaining ##.#% stake, or ##.### mil ordinary shares, in Global Village Telecom Ltda {GVT}, a Parana- based provider of telecommunication services, via a tender offer for BRL ## (USD ##.###) per share, or a total value of BRL #.### bil (USD #.### bil). Concurrently, Vivendi acquired a ##.#% stake and was granted an option to raise its interest to ##.#% from ##.#%, by acquiring a further ##.#% stake in GVT.18 Nov 2009 08:08:16 EST92852E37901Q92852E37901QVivendi SAGlobal Village Telecom Ltda {GVT}Vivendi SAGlobal Village Telecom Ltda {GVT}http://www.alacrastore.com/storecontent/Thomson_M%26A/Vivendi_SA_acquires_remaining_interest_in_GVT-2128505040sdc/21285050402128505040Copyright © 2009, Thomson Financial, All Rights ReservedEuro P.P.MMotion Picture Production and DistributionFranceMotion picture and video tape production7812FFForeignPublicVIV4812:Radiotelephone communications4813:Telephone communications, except radiotelephone4833:Television broadcasting stations4841:Cable and other pay television services6719:Offices of holding companies, nec7372:Prepackaged Software7812:Motion picture and video tape production7829:Services allied to motion picture distribution4812:Radiotelephone communications4813:Telephone communications, except radiotelephone4833:Television broadcasting stations4841:Cable and other pay television services6719:Offices of holding companies, nec7372:Prepackaged Software7812:Motion picture and video tape production7829:Services allied to motion picture distributionClifford ChanceSouza CesconBOVESPATelecommunicationsBrazilTelephone communications, except radiotelephone4813FFForeignPublicGVTT37993004Pvd digital ent,media svcsPvd telecommun svcsCashCash OnlyOrdinary Share57976001Nov 18 20098.70900337.81100310.44900264.09500199.66000144.30600107.1240072.734001119.005000.410000.42100113.60200458.1710058.92200100.66500897.4910021.120001895.66500EUR30 Jun 090.000003605.109000.0000038313.2240072563.86000EURO30 Sep 0931 Dec 0831 Dec 0731 Dec 0631 Dec 0531 Dec 040.564001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.0000026.0000027.0000028.0000029.0000030.00000Vivendi SA, located in Paris,France, provides digitalentertainment and mediaservices. The Company operatesin telecommunication, music,television, film and games.The Group operates televisionnetworks, television & filmproduction and broadcasting,manufactures decodingequipment for both analogueand digital televisionreception, recorded music inall commercial formats andmusical genres. It alsodevelops interactiveentertainment products likePCs, video game consoles andthe Internet. In theTelecommunication sector, itoperates both mobile and fixedtelephone networks. The Groupoperates in USA, Holland,Germany, UK, Japan, Morocco,Kenya, Poland, Holland andBrazil. It also serves asholding company for UniversalMusic Group, Vivendi games,Canal+, SFR and Maroc Telecom.It was founded in 2000.Vivendi SA, located in Paris, France, provides digitalentertainment and media services. The Company operates intelecommunication, music, television, film and games. TheGroup operates television networks, television & filmproduction and broadcasting, manufactures decoding equipmentfor both analogue and digital television reception, recordedmusic in all commercial formats and musical genres. It alsodevelops interactive entertainment products like PCs, videogame consoles and the Internet. In the Telecommunicationsector, it operates both mobile and fixed telephonenetworks. The Group operates in USA, Holland, Germany, UK,Japan, Morocco, Kenya, Poland, Holland and Brazil. It alsoserves as holding company for Universal Music Group, Vivendigames, Canal+, SFR and Maroc Telecom. It was founded in2000.Vivendi SA, located in Paris, France, provides digital entertainment and media services. The Company operates in telecommunication, music, television, film and games. The Group operates television networks, television & film production and broadcasting, manufactures decoding equipment for both analogue and digital television reception, recorded music in all commercial formats and musical genres. It also develops interactive entertainment products like PCs, video game consoles and the Internet. In the Telecommunication sector, it operates both mobile and fixed telephone networks. The Group operates in USA, Holland, Germany, UK, Japan, Morocco, Kenya, Poland, Holland and Brazil. It also serves as holding company for Universal Music Group, Vivendi games, Canal+, SFR and Maroc Telecom. It was founded in 2000.1.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.0000020.0000021.0000022.0000023.0000024.0000025.0000026.0000027.0000028.00000Global Village Telecom Ltda{GVT}, located in Parana,Brazil, providestelecommunications andInternet solutions services.It offers fixed-line telephonyservices; corporate dataservices, including high-speedbroadband/ISP services,security service management,videoconferencing, mass mediastreaming, and virtual privatenetworks solutions; Internetand broadband services; andvoice over IP services. Thecompany operatestelecommunications networksbased on a single, integratedinfrastructure that supportmultiple protocols, withvoice, data, and IP. It offersits products and services toresidential, small offices,home offices, mediumenterprises, and corporatemarket segments under GVT,POP, and VONO brands. Thecompany was founded in 1999.Global Village Telecom Ltda {GVT}, located in Parana,Brazil, provides telecommunications and Internet solutionsservices. It offers fixed-line telephony services; corporatedata services, including high-speed broadband/ISP services,security service management, videoconferencing, mass mediastreaming, and virtual private networks solutions; Internetand broadband services; and voice over IP services. Thecompany operates telecommunications networks based on asingle, integrated infrastructure that support multipleprotocols, with voice, data, and IP. It offers its productsand services to residential, small offices, home offices,medium enterprises, and corporate market segments under GVT,POP, and VONO brands. The company was founded in 1999.Global Village Telecom Ltda {GVT}, located in Parana, Brazil, provides telecommunications and Internet solutions services. It offers fixed-line telephony services; corporate data services, including high-speed broadband/ISP services, security service management, videoconferencing, mass media streaming, and virtual private networks solutions; Internet and broadband services; and voice over IP services. The company operates telecommunications networks based on a single, integrated infrastructure that support multiple protocols, with voice, data, and IP. It offers its products and services to residential, small offices, home offices, medium enterprises, and corporate market segments under GVT, POP, and VONO brands. The company was founded in 1999.0.000000.000000.00000128.47000YBrazilian Real13 Nov 09Fri, 13 Nov 2009 00:00:00 ESTDate Announced: 11/13/2009Date Effective:Acq. Rem. Int.Friendly0.000000.000000.000007430.310000.0000056.00000Price/Share0.000003058.96 Brazilian Real3058.958007195.123003058.96 Brazilian Real3058.958000.000000.0000032.5390032.539003294.145003058.96 Brazilian Real0.58100N1066.374000.000000.000000.000000.000000.000001777.432001777.4320013.0830013.5110036.9220071.185004.673000.000000.0000057.4800042.5200013.5090036.917003.7480071.176004.6730019.1560068.923004.525000.0000035.281000.000000.283004317.441000.000000.00000449.453000.000001119.00500366.72900178.759000.000000.000001.000002.000003.000004.000005.000006.000007.000008.000009.0000010.0000011.0000012.0000013.0000014.0000015.0000016.0000017.0000018.0000019.00000BRAZIL - Vivendi SA (Vivendi)of France agreed to launch amandatory tender offer toacquire the remaining 42.5%stake, or 54.624 mil ordinaryshares, in Global VillageTelecom Ltda {GVT}, a Parana-based provider oftelecommunication services,via a tender offer for BRL 56(USD 32.534) per share, or atotal value of BRL 3.058 bil(USD 1.777 bil). Concurrently,Vivendi acquired a 37.9%stake and was granted anoption to raise its interestto 57.5% from 37.9%, byacquiring a further 19.6%stake in GVT.BRAZIL - Vivendi SA (Vivendi) of France agreed to launch a mandatory tender offer to acquire the remaining 42.5% stake, or 54.624 mil ordinary shares, in Global Village Telecom Ltda {GVT}, a Parana- based provider of telecommunication services, via a tender offer for BRL 56 (USD 32.534) per share, or a total value of BRL 3.058 bil (USD 1.777 bil). Concurrently, Vivendi acquired a 37.9% stake and was granted an option to raise its interest to 57.5% from 37.9%, by acquiring a further 19.6% stake in GVT.BRAZIL - Vivendi SA (Vivendi) of France agreed to launch a mandatory tender offer toacquire the remaining 42.5% stake, or 54.624 mil ordinary shares, in Global VillageTelecom Ltda {GVT}, a Parana- based provider of telecommunication services, via a tenderoffer for BRL 56 (USD 32.534) per share, or a total value of BRL 3.058 bil (USD 1.777bil). Concurrently, Vivendi acquired a 37.9% stake and was granted an option to raise itsinterest to 57.5% from 37.9%, by acquiring a further 19.6% stake in GVT.BRAZIL - Vivendi SA (Vivendi) of France agreed to launch a mandatory tender offer to acquire the remaining 42.5% stake, or 54.624 mil ordinary shares, in Global Village Telecom Ltda {GVT}, a Parana-based provider of telecommunication services, via a tender offer for BRL 56 (USD 32.534) per share, or a total value of BRL 3.058 bil (USD 1.777 bil). Concurrently, Vivendi acquired a 37.9% stake andwas granted an option to raise its interest to 57.5% from 37.9%, by acquiring a further 19.6% stake in GVT.BRAZIL - Vivendi SA (Vivendi) of France agreed to launch a mandatory tender offer to acquire the remaining 42.5% stake, or 54.624 milordinary shares, in Global Village Telecom Ltda {GVT}, a Parana- based provider of telecommunication services, via a tender offer for BRL56 (USD 32.534) per share, or a total value of BRL 3.058 bil (USD 1.777 bil). Concurrently, Vivendi acquired a 37.9% stake and wasgranted an option to raise its interest to 57.5% from 37.9%, by acquiring a further 19.6% stake in GVT.0.000000.00000BNP Paribas SACalyon Corporate and Investment Bank1.000002.00000Credit SuisseGoldman Sachs & Co1.000002.000000.000000.00000Pending26690.000002569.0000027302.0000051709.0000015.42800549.96100467.84400353.69800255.63800189.77000128.848001982.31900201.24600238.68000466.34000-548.11100949.81800-568.56000811.650001982.319001792.049001727.7630082.26600154.0200029.6780030.6180059.24800-71.75400124.34200-74.43100104.3810039.12600128.99300-66.8070067.33600-100.90000178.329001320.18400980.66700768.50400654.20500542.387001589.906003358.172003006.172002520.458001397.404001390.749001376.21900Status:PendingBR0.069000.0690.112003.630003.6300.000000.000005.2660031.0670024.905001119.0050046.6720021.5710013.0810035.748003.629004812:Radiotelephone communications4813:Telephone communications, except radiotelephone4899:Communications services, nec7375:Information retrieval services7993004Euro P.P.MFrance7812ForeignPublicVIV4812:Radiotelephone communications4813:Telephone communications, except radiotelephone4899:Communications services, nec7375:Information retrieval services57976001BOVESPABrazil4813ForeignPublicGVTT31777.432003058.958001777.432001066.37400Allen & OveryDeal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/newstex/BW-0001-39665582BW-0001-39665582newstex/BW-0001-39665582xmlNewstex Inc.2005VivendiNewstex Inc.newstex.comnewstexBW-0001-39665582Business Wire0001Business WireBW1Newstex Inc.Business Wire17000000170030000100000001021000010110000400000004016000040160480401600104016005040160030401601804003000040030070400700004007005040100000401001102000000020020000200200612 Nov 2009 01:18:38 EST18000000180080001800400018016000190000001900200019002007190020181900200111/12/2009 Nov. ##, #### (Business Wire) -- Regulatory News: Note to readers: This press release contains unaudited consolidated earnings established under IFRS presented to Vivendi’s Management Board. First Nine Months of #### Revenues: €##,###...ACTIVISION INCVivendiVIVENDIVIVENDIATVIVIVVIVEFNewsNewstexhttp://www.alacrastore.com/storecontent/ccbn/B2482673B2482673ccbn/B2482673norm27 Oct 2009 09:09:00 EST2482673Edited Brief of V earnings conference call or presentation, 27-Oct-09 5:00pm ETVisa Inc.54.0000EditedVisa Inc. Q4 2009 Earnings Conference Call SummaryV5:00pm ETBrief...Jason Kupferberg UBS - Analyst Craig Maurer CLSA - Analyst David Hochstim Buckingham Research - Analyst Tien-Tsin Huang JPMorgan - Analyst Tom McCrohan Janney Montgomery Scott - Analyst Bob Napoli Piper Jaffray - Analyst Chris Brendler Stifel Nicolaus - Analyst Moshe Orenbuch Credit Suisse - Analyst Greg Smith Duncan Williams - Analyst Chris Mammone Deutsche Bank - Analyst Rick Shane Jefferies & Co. - Analyst James Friedman Susquehanna - Analyst... Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/ccbn/T2482673T2482673ccbn/T2482673norm27 Oct 2009 07:09:00 EST2482673Final Transcript of V earnings conference call or presentation, 27-Oct-09 5:00pm ETVisa Inc.54.0000FinalVisa Inc. Q4 2009 Earnings Conference Call TranscriptV5:00pm ETTranscript...Jason Kupferberg UBS - Analyst Craig Maurer CLSA - Analyst David Hochstim Buckingham Research - Analyst Tien-Tsin Huang JPMorgan - Analyst Tom McCrohan Janney Montgomery Scott - Analyst Bob Napoli Piper Jaffray - Analyst Chris Brendler Stifel Nicolaus - Analyst Moshe Orenbuch Credit Suisse - Analyst Greg Smith Duncan Williams - Analyst Chris Mammone Deutsche Bank - Analyst Rick Shane Jefferies & Co. - Analyst James Friedman Susquehanna - Analyst... Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/research/fitch-ratings-Vivendi_SA-471690_report_frame471690_report_framefitch/471690_report_framepdfVivendi8045517208 Oct 2009 10:20:00 EST01030700425Full Rating ReportVIVFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/research/creditsights-Telefonica_Bidding_against_Vivendi_in_Brazil-8961289612cs/89612normWWTemplatemchapmantelefonicavivenditelefonicavivendiesfresfr8961208 Oct 2009 03:10:24 ESTYes89612150CreditSights Inceuropeeuropediversified_mediaintegrated_telecommedia_cabletelecomtmtdiversified_mediaintegrated_telecommedia_cabletelecomtmtPublishedcompanies_withnvertibleseuro_markets_issuerscompanies_withnvertibleseuro_markets_issuersWorthWatchingWorth Watching666 Telefonica: Bidding against Vivendi in Brazil Telefonica has announced an offer to buy ###% of Brazilian fixed line telco, GVT for approximately €#.## billion (BRL ##/share). TEF's bid comes through its ##.##% held Brazilian fixed-line...Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/fitch/512956_pr_frame512956_pr_framefitch/512956_pr_framehtmlSony CorporationVivendiWarner Music Group Corp80455172820371548328146130 Sep 2009 02:17:00 EST010305000103070085Press Release6758VIVWMGFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/research/s-and-p-credit-research-Summary_Vivendi_S_A-749262749262spcred/749262normglobal30 Sep 2009 01:14:08 EST175SummaryThe latest Summary from S&PFranceMovies & EntertainmentAsiaEurope, Middle East, AfricaGlobal IssuersSummaryFRA92852EF9798425401030 254010 2540 25Vivendi S.A.114882ASIAEUROMIDAFREX@FPSUMMARYCORPGLOBISSCredit & Investment ResearchS&P Credit ResearchFRANCE Societe Francaise du Radiotelephone acquired ##% stake of Cinq sur Cinq, a Chartres based cellular phones producer and seller.17 Sep 2009 10:43:02 EST83379U17383W92852E17383WSociete Francaise du Radiotelephone{SFR}Cinq sur Cinq SAVivendi SACinq sur Cinq SAhttp://www.alacrastore.com/storecontent/Thomson_M%26A/SFR_acquires_Cinq_sur_Cinq_SA-2108812040sdc/21088120402108812040Copyright © 2009, Thomson Financial, All Rights ReservedTelecommunicationsFranceRadiotelephone communications4812FFForeignSubsidiary4812:Radiotelephone communications4813:Telephone communications, except radiotelephone4812:Radiotelephone communications4813:Telephone communications, except radiotelephone4833:Television broadcasting stations4841:Cable and other pay television services6719:Offices of holding companies, nec7372:Prepackaged Software7812:Motion picture and video tape production7829:Services allied to motion picture distributionCommunications EquipmentFranceRadio & TV broadcasting & communications equipment3663FFForeignPrivate233385001Pvd digital ent,media svcsmnfr and whl cellular phonesNot ApplicableNot Applicable1105286001Sep 17 20090.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.00000Provide mobiletelecommunication servicesProvide mobile telecommunication servicesProvide mobile telecommunication services1.000002.000003.00000Cinq sur Cinq SA located inChartres Manufactures andsells cellular phones.Cinq sur Cinq SA located in Chartres Manufactures and sellscellular phones.Cinq sur Cinq SA located in Chartres Manufactures and sells cellular phones.0.000000.000000.000000.00000N16 Sep 09Wed, 16 Sep 2009 00:00:00 ESTDate Announced: 09/16/200916 Sep 09Date Effective: 09/16/200916 Sep 09Acq. of AssetsFriendly0.000000.000000.000000.000000.000000.00000Price/Share0.0000000.000000.0000000.0000062.0000062.000000.000000.000000.0000000.00000N0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.0000062.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000001.000002.000003.000004.000005.00000FRANCE Societe Francaise duRadiotelephone acquired 62%stake of Cinq sur Cinq, aChartres based cellularphones producer and seller.FRANCE Societe Francaise du Radiotelephone acquired 62% stake of Cinq sur Cinq, a Chartres based cellular phones producer and seller.FRANCE Societe Francaise du Radiotelephone acquired 62% stake of Cinq sur Cinq, a Chartresbased cellular phones producer and seller.FRANCE Societe Francaise du Radiotelephone acquired 62% stake of Cinq sur Cinq, a Chartres based cellular phones producer and seller.FRANCE Societe Francaise du Radiotelephone acquired 62% stake of Cinq sur Cinq, a Chartres based cellular phones producer and seller.Completed0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.00000Status:Completed-999.00000np0.00000-999.00000np0.000000.000000.000000.000000.000000.000000.000000.000000.000000.000000.000003663:Radio & TV broadcasting & communications equipment7993004Euro P.P.MFrance7812ForeignPublicVIV3663:Radio & TV broadcasting & communications equipment1105286001France3663ForeignPrivate0.000000.000000.000000.00000CMS Cameron McKennaDeal InformationTF Mergers & Acquisitionshttp://www.alacrastore.com/storecontent/ccbn/T2417698T2417698ccbn/T2417698norm16 Sep 2009 02:06:00 EST2417698Final Transcript of V presentation, 16-Sep-09 12:00pm ETVisa Inc.54.0000FinalVisa Inc. at Barclays Capital Global Financial Services Conference TranscriptV12:00pm ETTranscript...Bruce Harting - Barclays Capital - Analyst Good afternoon now. Thank you. Bruce Harting with Barclays. Our next speaker is Visa. Joe Saunders, Chairman and Chief Executive Officer is joining us, and Jack Carsky is here as well. Joe was named Chairman and Chief Executive Officer of Visa in May #### after having been designated Executive Chairman in February ####. Prior to this role, he served Visa International as Executive Chairman of the Transition Governance Committee and officially began serving as Chairman and CEO of Visa upon its formation in May ####. ... a little bit on up-to-date view on payments since your second-quarter conference call. Given that you see a lot more flow as the largest processor globally, can you share an outlook in terms of consumer spending rebound? Joe Saunders - Visa Inc. - Chairman & CEO From our point of view, from Visa's point of view, I don't assume that... Credit & Investment ResearchThomson StreetEventshttp://www.alacrastore.com/storecontent/fitch/507756_pr_frame507756_pr_framefitch/507756_pr_framehtmlVivendiSte Francaise du Radiotelephone (SFR)804551728206847010 Sep 2009 02:17:00 EST010304000103070085Press ReleaseVIVFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Credit & Investment ResearchFitch Researchhttp://www.alacrastore.com/research/s-and-p-credit-research-Bulletin_French_Telecom_And_Media_Group_Vivendi_BBB_A_2_Ratings_Unchanged_On_Potential_Acquisition_Of_Brazilian_Telco_GVT-745867745867spcred/745867normglobal10 Sep 2009 12:53:00 EST100NewsThe latest News from S&PFranceMovies & EntertainmentAsiaEurope, Middle East, AfricaGlobal IssuersNewsFRA92852EF9798425401030 254010 2540 25Vivendi S.A.114882ASIAEUROMIDAFREX@FPNEWSCORPGLOBISSCredit & Investment ResearchS&P Credit Research