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The company's mobile phone unit remained a sore point as profits continued to be weak.
Enel is trying to sell its phone unit, Wind, to focus on electricity and natural gas.
Sprint is scrapping shares that track its PCS Group mobile phone unit as the company simplifies its structure for investors.
Profit at the mobile phone unit SFR, Vivendi's largest business, slipped 3.5percentto to 643 million euros ($871 million).
In September 2013 it bought Nokia's mobile phone unit for $7.2bn; in July 2015 it wrote it off.
Hony Capital, a private equity fund controlled by Lenovo's parent, Legend Holdings, will buy the phone unit for $100 million.
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As the cell-phone unit stumbled, the semiconductor group's cell-phone component business suffered, too.
Nextel Communications's international wireless-phone unit filed for bankruptcy months after missing an $8.3 million loan payment amid economic turmoil in Latin America, where it does business.
Motorola, the maker of cell phones, is expected to report lower fourth-quarter earnings tomorrow because chip orders slowed and profit in its mobile-phone unit fell.
A long haul to recovery The troubleshooter Correction: Click fraud ReprintsThe telecoms giant was in turmoil after a fight with the government over its plan to spin off its mobile-phone unit caused its chairman, Mr Tronchetti Provera, to resign.
Sprint Nextel spun off its local-phone unit as Embarq last May.
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