Vodafone Group has sold its 44% stake in France's SFR to majority owner Vivendi SA for $11.3 billion. Investors have supported the action of Vodafone and believe that it will add to the portfolio of company. The shares of Vodafone rose by 73% at the stock exchange. The deal has also increased the cash flows and profits of Vivendi.

Chief Executive of Vivendi, Jean-Bernard Levy said that the investors should not expect sharp increase in dividends after the SFR deal.

Vodafone has also agreed to buy out its Indian partner for a price of 5 billion, in order to increase its exposure to the world's fastest-growing mobile market. . Vodafone owns 77% of the Italian carrier, also known as Omnitel, and Verizon Communications holds the rest of its shares.

Now-a-days most of the consumers are using smart phones and tablet computers, so the telecom operator companies are required to put more efforts in the market to improve their sales. Telecom operators such as Vodafone and Deutsche Telekom have planned to cut down their portfolio and are focusing on markets where they can achieve targets.