Vivendi: End of the litigation in Poland

Published on

Paris, January 14, 2011

Vivendi: End of the litigation in Poland

Vivendi has received €1.254 billion. This concludes the dispute about Polish assets.

Vivendi today received €1.254 billion, so ending the dispute about telecommunications assets in Poland.

This is in line with the December 15 2010 agreement signed with Deutsche Telekom, Mr. Zygmunt Solorz-Zak (the main shareholder of Elektrim) and the creditors of Elektrim, including the Polish State and Elektrim’s bondholders.

This has effectively annuled the litigation surrounding the PTC (Polish mobile operator) share capital ownership.

Commenting on this agreement, Jean-Bernard Lévy, CEO of Vivendi, stated: « I am very satisfied with this successful outcome, totally in the interests of our shareholders. I would like to pay homage to the Vivendi teams and to the constructive spirit of both the Deutsche Telekom and Elektrim management. Their work has enabled us to put a successful end to 10 years of litigation ».
The book value of Vivendi’s PTC shares was reduced to zero in 2006.

About Vivendi

Vivendi is at the heart of the worlds of content, platforms and interactive networks.

Vivendi combines the world leader in video games (Activision Blizzard), the world leader in music (Universal Music Group), the French leader in alternative telecoms (SFR), the Moroccan leader in telecoms (Maroc Telecom Group), the leading alternative telecoms provider in Brazil (GVT) and the French leader in Pay TV (Canal+ Group).
In 2009, Vivendi achieved revenues of €27.1 billion and adjusted net income of €2.6 billion. With operations in 77 countries, the Group has over 49,000 employees.

Important disclaimers
Forward Looking Statements. This press release contains forward-looking statements with respect to Vivendi`s financial condition, results of operations, business, strategy and plans. Although Vivendi believes that such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance. Actual results may differ materially from the forward-looking statements as a result of a number of risks and uncertainties, many of which are outside our control, including but not limited to the risks described in the documents Vivendi has filed with the Autorité des Marchés Financiers (French securities regulator) and which are also available in English on our web site (). Investors and security holders may obtain a free copy of documents filed by Vivendi with the Autorité des Marchés Financiers at www.amf-france.org, or directly from Vivendi. The present forward-looking statements are made as of the date of this press release and Vivendi disclaims any intention or obligation to provide, update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Unsponsored ADRs. Vivendi does not sponsor an American Depositary Receipt (ADR) facility in respect of its shares. Any ADR facility currently in existence is “unsponsored” and has no ties whatsoever to Vivendi. Vivendi disclaims any liability in respect of such facility.

See all press releases