Vivendi


Vivendi mulls options to recapture initiative in Telecom Italia battle

Vivendi is looking into convening a new Telecom Italia (TIM) shareholders meeting to “reorganise” the telco’s board of directors following its loss of control of the telco’s board to a slate supported by activist investor Elliott Advisors. Speaking to analysts after Vivendi posted its Q1 numbers, CEO Arnaud de Puyfontaine, who was also TIM chairman […]

Africa and wholesale market provide boost for Canal+

Strong growth in Africa and a slowing rate of attrition among subscribers in metropolitan France saw Canal+’s base grow by 612,000 in the year to March 31. The pay TV operator lost 73,000 net subscribers in France over the year, but international subscribers increased by 685,000 driven by strong growth in Africa. Canal+ also saw […]

Vivendi loses control of Telecom Italia, but Genish stays on

Vivendi lost control of Telecom Italia (TIM) at the end of last week, with its bitter rival Elliott Advisors securing a bigger share of votes and hence a majority for its slate of proposed board members. Elliott’s victory meant that its slate secured two thirds of the seats on the TIM board. Fulvio Conti, one […]

Telecom Italia plays down report that Genish may quit if Elliott successful

Telecom Italia has contested a headline in the Sunday Telegraph that implied interim chief executive Amos Genish would quit if hedge fund Elliott Advisors wins its battle with Vivendi for control of the strategic direction of the telco. Telecom Italia characterised the headline – “Telecom Italia boss ‘ready to quite’ over activist” – rather than […]

Canal+ teams up with sister company for classical music channel

French pay TV provider Canal+ has teamed up with Vivendi sister-company Universal Music to launch a new channel dedicated to classical music. The new service, Deutsche Grammophon+, will offer exclusive programmes and content based on Deutsche Grammophon catalogue. The channel will make available about 400 titles at launch, spanning short documentaries, interviews, profiles, extracts, concerts […]

Vivendi secures Genish confirmation ahead of TIM battle

Vivendi scored a partial victory at the first of Telecom Italia’s (TIM) two shareholders’ meetings that will decide the destiny of the operator, which confirmed the appointment of Amos Genish as TIM’s CEO. The ordinary shareholders’ meeting also approved the company’s 2017 financial statements and the distribution of a dividend of 2.75 cents a share […]

Bolloré held in custody in relation to Africa corruption case

Vincent Bolloré has been held in custody by French police in relation to a corruption enquiry concerning container terminals operated by Bolloré Group in Togo and Guinea, according to press reports. According to Le Monde, Nanterre judicial police have taken the billionaire businessman and former Vivendi chairman into custody in relation to an enquiry into […]

Vivendi secures reprieve in Telecom Italia battle with Elliott

Vivendi has secured a reprieve in its battle with US hedge fund Elliott Advisors for control of the future direction of Telecom Italia after a Milan court ruled against allowing Elliott to propose the revocation of Vivendi-nominated directors and their replacement by a new slate to today’s shareholders’ meeting. Judge Elena Riva Crugnola, in the […]

Vincent Bolloré hands Vivendi reins over to his son

Vincent Bolloré is stepping down as Vivendi chairman and handing over the reins to his son Yannick. Vivendi’s supervisory board unanimously voted Yannick Bolloré as the new group chairman following the company’s shareholder meeting. Vincent Bolloré, who is 67, had earlier stepped down as Canal+ Group chairman in favour of Jean-Christophe Thiery, triggering a senior […]

Elliott on the offensive again in Telecom Italia battle with Vivendi

‘Activist investor’ Elliott Advisors has issued a rebuttal of Telecom Italia’s (TIM) rejection of its plan to break up the company and “unlock significant value” as the hedge fund and TIM’s largest shareholder Vivendi battle for control of the Italian telco’s board. Elliott’s latest move follows TIM’s presentation to investors this week, in which it […]

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