London, 08 April 2014 -- Moody's Investors Service has today changed the ratings outlook to stable from negative and affirmed Vivendi's senior unsecured ratings at Baa2. The outlook change follows Vivendi's announcement on 5 April 2014, that it has entered into a new mutually agreed exclusivity agreement to sell its French telecommunications unit Société Française du Radiotéléphone (SFR) to Altice SA in a deal valued at more than EUR17 billion, rejecting a sweetened offer from Bouygues SA.

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