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TIM to have 80% control of Canal Plus joint venture - report

Friday 8 September 2017 | 10:47 CET | News
Telecom Italia (TIM) will have 80 percent of the capital of the planned broadcasting joint venture with Vivendi's pay-TV channel Canal Plus, according to a term sheet defining the partners' roles seen by Corriere della Sera. Initial investments are expected to be in the region of EUR 100 million, with TIM contributing EUR 80 million and Canal Plus the remaining EUR 20 million. TIM will have the right to appoint the company's CEO, general manager and financial director, with Canal Plus set to name the content manager, said the report, adding that the name 'Canale+' has been mooted for the

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Categories: Broadcast & Satellite
Companies: Canal+ / Mediaset / Telecom Italia / TIM / Vivendi
Countries: Italy
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