Vivendi keeps cards close to chest after strategy meeting

Pascale Paoli-Lebailly ©RapidTVNews | 25-06-2012

After promising not to make a statement after its strategy meeting last weekend in Paris, where its top mangers gathered, Vivendi Group has remained true to its word.

No full statement was issued, but the French entertainment group did say that it will communicate on its plan "and the necessary evolution of the Group as and when appropriate".

Analysts and investors have been eyeing the company carefully after reports in late April that Vivendi management was considering breaking up the media and telecommunications company in order to increase shareholder value.

The question is whether Vivendi plans to sell its unit Maroc Telecom and increase synergies between television unit Canal + and the French telecom business SFR. The telco been hit hard by new competition in France from low-cost mobile phone players such as Free.