Telecom Italia Pushes Ahead with Content JV with Vivendi's Canal+
January 17 2018 - 6:04AM
Dow Jones News
By Pietro Lombardi
Telecom Italia SpA (TIT.MI) said Wednesday that it will pursue a
joint venture with Vivendi SA's (VIV.FR) Canal+ but negotiations
must be restarted in the face of a Jan. 18 deadline to sign a
definitive agreement that will be missed.
Telecom Italia said it considers its content offering strategic,
and it plays a key role in the company's 2018-20 strategic plan.
Negotiations with pay-TV company Canal+ toward the formation of a
content JV will restart immediately, the Italian company said.
Vivendi controls Canal+, and has a 24% stake in Telecom
Italia.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
January 17, 2018 06:49 ET (11:49 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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