Vivendi pays debt off early

French media and telecoms conglomerate Vivendi has completed the early refinancing of two credit lines totaling €2.7 billion, which had been due to expire in February and August 2013 respectively. Vivendi has secured a new five year credit line of €1.5 billion, due to expire in June 2017. Vivendi said its objectives were to maintain […]

Lagardère could relaunch Canal Plus IPO

Lagardère could try again to launch an IPO of its stake in pay TV operator Canal Plus in the coming months, according to the company’s chief, Arnaud Lagardère. Lagardère told shareholders at the company’s annual meeting that the financial markets were now becoming open again and that he would not be surprised if the company […]

New chief for SFR

Vivendi has named Michel Combes as the new chairman and CEO of telco and IPTV provider SFR. Combes is currently CEO of Vodafone Europe. Jean-Bernard Lévy will continue as chairman and CEO of SFR until August 1, when Combes will take up his post. “We are very happy that Michel Combes has agreed to come […]

Vivendi planning ‘Netflix-like’ SVOD service

French media giant Vivendi is reportedly making plans to launch a subscription video-on-demand service in Germany. Vivendi subsidiary Multiscreen Entertainment president Stefan Schulz told Germany’s Focus magazine that the yet-to-be-named service would probably launch in the third or fourth quarter. Schulz said the service, which he compared to US service Netflix, would initially be available […]

SFR CEO steps down

Frank Esser is stepping down as CEO of French telco SFR, a decade after taking the position. Jean-Bernard Lévy, the CEO of SFR’s owner Vivendi, will take control of France’s second-largest telco. Last year Vivendi acquired Vodafone’s 44% stake in SFR for €7.7 billion. In a statement, Vivendi said: “Frank Esser was chief operating officer […]

Qatar becomes 2% shareholder in Vivendi

Qatar’s sovereign wealth fund has become a 2% shareholder in Vivendi after investing over €350 million over in the French media and telecom giant over the past few months, according to local reports. Qatar held 25 million Vivendi shares at the end of February, making it the ninth largest shareholder in the group. Vivendi is […]

Vivendi issues €1 billion bond

Canal Plus-owner Vivendi has issued a €1 billion bond in two tranches, which it says will enable it to lengthen the duration of its debt. The first tranche is in the amount of €500 million with a four-year maturity and a 3.875% coupon. The second, also for €500 million, has a seven-year maturity and a […]

Meheut says Canal Plus will contest TPS merger ruling

Vivendi president Bertrand Meheut has said Canal Plus will contest the French competition regulator’s decision to reverse its authorisation of its merger with rival pay TV service TPS five years ago. In a development that shocked the pay TV operator, the regulator last week reversed its green light for the merger on the grounds that […]

Canal Plus to take 60% stake in Bolloré’s FTA business

French pay TV group Canal Plus is set to buy a 60% stake in Bolloré’s free-to-air business, including channels Direct 8 and Star. The deal will see Canal Plus owner Vivendi giving Bolloré shares worth approximately €279 million. The total value of the assets is estimated at a maximum of €465 million. Canal Plus Group […]

Canal Plus grows base as Vivendi confirms outlook

Canal Plus France added 96,000 net subscriptions in the year to June. The pay TV company posted revenues for the first half of this year of €2.392 billion, up 2.8%. Canal Plus Group (which includes StudioCanal as well as the French and overseas pay TV operations) posted EBITA of €495 million for the first half, […]

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