Vodafone the telecommunication giant and one of the leading mobile network operators of the country has  been focusing the important markets of Europe.

Recently it has made a statement in this regard by selling off its share in a French mobile phone company for GBP 7 billion.

44 per cent share sale in SFR takes place as the firm based in the United Kingdom mulls reducingits assests in the markets where it hardly enjoyed dominance or in companies where it seldom hadthe controlling stake.

The firm will return four billion of its share to its It is understood that the company would be returning GBP 4 billion of the deal to shareholders subsequently to the sale contract signed withVivendi, the media giant.

According to reports, the deal with Vivendi the media giant would get completed by June. This means that Vivendi will get 100 per cent of SFR's ownership.

SFR is known as the second largest mobile phone entity in France.