Vivendi now owns 19.9% of Telecom Italia’s ordinary shares. Vivendi previously became the Italian telecom operator’s largest shareholder on June 24 with 14.9% of its ordinary shares. This participation resulted from a share exchange as part of its exit from the Brazilian telecoms operator GVT for the equivalent of 8.24% of Telecom Italia’s ordinary shares, […]
Vivendi is expected to announce a deal to take a stake in Telecom Italia this week, according to a report in French financial daily Les Echos. Citing a source close to the matter, the paper reported that a deal is likely to be announced on Tuesday or Wednesday that will see Vivendi take a stake […]
Following last week’s deal with Sky Italia to market the latter’s pay TV services over its network as part of a quad-play offering, Telecom Italia is set to strike a distribution deal with Sky’s rival Mediaset, according to Italian press. Telecom Italia CEO Marco Patuano told journalists at a festival in Perugia that the telco […]
Telefónica has secured a green light from the Brazilian regulator CADE to acquire local telecom player GVT from Vivendi. The move clears the way for Telefónica to begin integrating the Brazilian operator, following approval of the deal by market regulator Anatel last December. As part of Telefónica’s deal with Vivendi, the latter will acquire an […]
International growth and subscription video-on-demand in France lifted pay TV operator Canal+’s third quarter performance, with domestic free-to-air channel D8 and production arm Studiocanal also making positive contributions. Overall, Canal+’s global subscriber base now stands at 14.8 million, up 605,000 year-on-year, largely thanks to strong growth from Africa and Vietnam, while French subscription VoD service […]
Vivendi has struck a definitive agreement to sell its Brazilian unit GVT to Telefónica that will also see the French media group take a stake in Telecom Italia. The deal, signed yesterday, will see Vivendi receive €4.66 billion in cash, from which a bank debt of around €450 million and adjustments in working capital will […]
The acquisition of Vivendi’s Brazilian subsidiary GVT by Telefónica could be complicated by a demand by the Brazilian regulator that the Spanish telecom exit Telecom Italia sooner than planned, according to Italian press reports. Telefónica president Cesar Alierta has signaled his intention to sell the company’s indirect stake in Telecom Italia, and Telefónica’s deal with […]
Vivendi has decided to enter into exclusive negotiations with Telefónica for the sale of its Brazilian subsdiary GVT following the submission of an improved €7.45 billion offer by the Spanish telco yesterday. Telefónica has offered €4.663 billion in cash and a 12% stake in Telefónica Brasil. Vivendi will have the option to exchange about one […]
Vivendi has confirmed it has received an offer from Telecom Italia for its Brazilian unit GVT, along with a new higher offer from Telefónica that its board will consider today. Vivendi said that both deals include proposals for wider content partnerships, without giving details of the latter. Telecom Italia, as previously reported, has made a […]
Telecom Italia is on the point of making a €7 billion offer for Vivendi’s Brazilian unit GVT in a deal that would see the French media company take a stake of between 15-20% in the Italian telecom operator, according to a Reuters report. Reuters, citing four unnamed sources, reported that Telecom Italia is proposing a […]
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