Orange ‘would consider’ buying Canal+

Stéphane Richard

Stéphane Richard

Telco and pay TV operator Orange would consider buying Canal+ if Vivendi put it up for sale its CEO has said.

Speaking to reporters at the fringes of an industry event being held in Morocco, Orange CEO Stephane Richard said: “If Canal Plus were up for sale tomorrow, Orange would definitely look into it. Obviously,” Reuters reported.

Canal+ is struggling in its domestic French market in the face of stiff competition from the likes of Orange and Altice. The latter trumped Canal+ for a raft of NBCUniversal and Discovery channels this week, dealing it a blow.

On the OTT front, Netflix also presents a cord-cutting threat in France. Canal+’s international operations, meanwhile, are performing strongly.

In February, Vivendi publicly stated that it “cannot on a long-term basis continue to finance the losses of Canal+ channels in France” following four years of losses.

Subs and revenue declines continued in the pay TV operator’s most recent results. It now has about 5.4 million subs in France.

Most Recent