By Ruth Bender

PARIS--Vivendi (VIV.FR) said Wednesday it has closed the sale of its remaining 20% stake in French telecommunications operator Numericable-SFR (NUM.FR).

Vivendi said it today received a first payment from Numericable-SFR and its parent Altice SA (ATC.AE) of 1.8 billion euros ($2.04 billion) for the stake.

Altice will make a second payment of EUR1.9 billion by April 7, 2016, bearing an interest of 3.8% per year.

Altice said it now holds around 70.4% of Numericable-SFR.

-Write to Ruth Bender at ruth.bender@wsj.com

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