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Reuters: TI/Canal Plus JV struggling but not dead

Published 02/23/2018, 04:37 PM
© Reuters.  Reuters: TI/Canal Plus JV struggling but not dead
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  • A planned joint venture between Telecom Italia (NYSE:TI) and Canal Plus (OTCPK:VIVHY) isn't dead, despite earlier reports, but it's an "uphill struggle," Reuters reports.
  • Two Italian newspapers today reported the deal had fallen through.
  • The joint venture with Vivendi (PA:VIV)'s pay TV arm is a key piece of Vivendi Chairman Vincent Bollore's southern Europe media/telecom strategy; the two companies agreed to the deal in October.
  • The TI board will address the issue in a March 6 meeting where it's gathering to approve the company's industrial plan, according to the report.
  • Now read: Vivendi SA 2017 Q4 - Results - Earnings Call Slides


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