The agreement includes the payment of 4.66 billion euros in cash, from which a bank debt of around 450 million euros and adjustments in working capital will be deducted, the statement said.
Vivendi will also receive 7.4 percent of Telefonica Brasil shares, at a stock maket value of 2.02 billion euros as of Sept. 18, and of 5.7 percent of Telecom Italia shares at a stock market value of 1.01 billion euros as of Sept. 18.