Analysts said, in a haste to sell off its assets, Vivendi is mostly likely to sell its telecommunications arm Cegetel, which Britain's Vodafone group may be interested in acquiring.

分析家说，维芳迪急于出售其资产，最可能被卖掉的目标之一将是旗下的西吉电信公司，而英商伏德风集团可能有意收购这家公司。

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Because it already fully consolidates Cegetel, Vivendi will get no boost to its earnings.

ECONOMIST: Vivendi Universal

Cegetel generates a lot of cash and a disproportionate chunk of Vivendi's profits (see chart).

ECONOMIST: Vodafone versus Vivendi

The cash from Cegetel gives him more room to manoeuvre, and means he can defer the decision.

ECONOMIST: Vodafone versus Vivendi