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Mediaset Premium launches EUR 142 mln capital hike - report

Wednesday 31 May 2017 | 10:07 CET | News
The Premium pay-TV unit of Italian commercial broadcaster Mediaset has launched a EUR 142 million capital increase with a view to covering its losses following the aborted deal with France's Vivendi, reports Il Sole 24 Ore. A meeting of Premium's shareholders approved the hike to compensate for 2016 losses amounting to EUR 384 million, with 11 percent shareholder Telefonica abstaining. Mediaset last month said it would have broken even in 2016 if Vivendi hadn't pulled out of a deal to acquire Premium.

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Categories: Broadcast & Satellite
Companies: Mediaset / Telefonica / Vivendi
Countries: Italy
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