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General

Vivendi ready to invest EUR 2 billion in Canal Plus

Friday 13 November 2015 | 16:07 CET | News
Vivendi chairman Vincent Bollore has plans to invest EUR 2 billion over two years in pay TV subsidiary Canal Plus to ensure long-term growth. Canal Plus France lost 38,000 customers in the third quarter, leaving it with a total of 5.93 million. In a year, Canal Plus lost 88,000 subscribers in France, but added 502,000 internationally, especially in Africa. Sign-ups in Poland are slowing. Vivendi has EUR 8 billion of cash after several divestments, and has used some of it to buy stakes in Telecom Italia, Gameloft and Ubisoft. Bollore, who took charge of Vivendi in September, said the

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