Vivendi, Canal Plus resubmit TPS acquisition to Competition

Thursday 27 October 2011 | 11:02 CET | News
Vivendi and its pay TV subsidiary Canal Plus have resubmitted to France's Competition Authority an application to acquire smaller French pay TV operator TPS, originally purchased in 2006. The move follows the authority's cancellation in September of its approval for the acquisition on the grounds that conditions attached to the deal were not met. In addition to withdrawing its authorisation, it had imposed a EUR 30 million fine on Canal Plus. The regulator said it would examine the operation in light of current market conditions and will consider remedies that could be applied to any

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Categories: Broadcast & Satellite
Companies: Canal Plus / TPS / Vivendi
Countries: France
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