Vivendi


Vivendi triggers TIM shareholders meeting request as battle with Elliott heats up

Vivendi has triggered a request for a meeting of Telecom Italia’s   shareholders to appoint new auditors and has called for the dismissal of chairman Fulvio Conti and four other board members nominated by its rival for control of the Italian telco, Elliott Management. Vivendi has proposed the nomination of Franco Bernabè, Rob van der Valk, […]

Canal+ reportedly eyeing Indonesian free and pay TV investment

Vivendi-owned pay TV outfit Canal+ is in competition with investment outfit Argyle Street Management to secure a stake in Indonesian telco PT Global Mediacom’s TV operations, according to a Bloomberg report. According to Bloomberg, citing unnamed sources, Canal+ is in early stage talks to buy about half of pay TV and high-speed internet unit PT […]

Vivendi in move to reverse Elliott control of Telecom Italia

Vivendi has taken a step towards forcing a resolution of its battle with hedge fund Elliott Advisors for control of Telecom Italia (TIM) by calling for a shareholders’ meeting to appoint new financial auditors and replace five board members from Elliott’s slate of 10 that the French media giant says were involved in decisions that […]

Telecom Italia names new CEO

Telecom Italia (TIM) has named Alitalia president and former Wind CEO Luigi Gubitosi as its new CEO, replacing Amos Genish, who was ousted in a boardroom coup last week. Following his appointment, Gubitosi will sit as a non-independent executive director and will no longer sit on the company’s control and risk committee. Gubitosi joined the […]

Canal+ reduces rate of subscriber loss in France

Vivendi’s pay TV unit Canal+ managed to reduce the rate at which it is losing subscribers in metropolitan France in the quarter to September, with churn down four points to 13.4%, which the company said was a record low since the third quarter of 2012. The company said that Canal+ was “close to achieving the […]

Telecom Italia raises threat of legal action against Vivendi

The war between French media giant Vivendi and activist hedge fund Elliott Advisors to determine the future direction of Telecom Italia (TIM) has resumed in earnest following the forced departure of CEO Amos Genish this week. TIM has now issued a statement warning Vivendi against making “further false and misleading announcements whose only effect is […]

Canal+ and TF1 finally bury the hatchet with new deal

Vivendi-owned French pay TV outfit Canal+ and commercial broadcaster TF1 have finally buried the hatchet and struck a new global distribution deal. The pair said that the agreement would see Canal+ integrate all of TF1’s channels and associated non-linear services in its offerings. The deal will enable Canal+ subscribers to view TF1 programming on the […]

Telecom Italia CEO Genish ousted in latest twist in battle for control

Telecom Italia’s (TIM) board has ousted CEO Amos Genish at a meeting called early this morning, despite assurances issued earlier that no such meeting was planned. TIM said that the board had met and “deliberated by a majority vote to revoke with immediate effect all powers conferred to Director Amos Genish” with his powers to […]

Canal+ regains English Premier League from RMC Sport

Canal+ has secured the rights to English Premier League football in France for three seasons from next year and has renewed its existing contract for the Premier League in Poland. Winning back the Premier League, currently held by Altice’s RMC Sport, is a significant coup for the embattled pay TV broadcaster, which saw its grip […]

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