Jean-Bernard Levy’s reign as chief executive of French telecoms and media conglomerate Vivendi ended following a disagreement on strategy with the group’s supervisory board yesterday, prompting speculation of pending disposals to reinvigorate Vivendi’s sagging share price. The group has seen its share price slump to a nine-year low and has been reviewing its portfolio and corporate structure to assess how best to reverse its fortunes. Adding to its woes, Vivendi’s French mobile division SFR has been particularly hard hit by the arrival of fresh competition – in the shape of Iliad’s Free Mobile – since January
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OVETEL Levy out as Vivendi mulls major corporate shake-up
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