The French media and communications group Vivendi has reported revenues of EUR28.81 billion (USD40.17 billion) for full year 2011, down 0.2% on the 2010 figure, but up 0.5% on a constant currency basis. Adjusted net income rose 9.4% to EUR2.95 billion due to strong performances of several subsidiaries, including the Brazilian telco Global Village Telecom (GVT), plus the 100% ownership since June 2011 of France’s second largest mobile operator by subscribers, SFR
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OVETEL Vivendi reports slight decline in sales for 2011, but profits are up 9.4%
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