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Canal+ owner Vivendi is still exploring a stock split, as it today posted first quarter revenues up significantly. France-based Vivendi posted Q1 revenues of €4.28B ($4.6B), up 5.4% on 2023's numbers when using constant currencies and and the businesses the firm owns today. No earnings were revealed in the unaudited numbers.
French media conglomerate Vivendi said on Monday that a feasibility study for the plan to split its business into four separate companies was progressing.
Telecom Italia (TIM) top investor Vivendi has decided to abstain from voting for any slate of candidates for the board renewal at the former phone monopoly, the French media group said in a statement on Monday.
The accelerated pace of 5G deployment and demand for scalable infrastructure should help the Zacks Diversified Communication Services industry thrive despite short-term woes. TEF, TELNY and VIVHY are well-positioned to make the most of the infrastructure upgrade for seamless connectivity.
French media group Vivendi's Canal+ on Monday made a firm offer to buy all the shares of South Africa's broadcaster MultiChoice it does not already own, the companies said.
South Africa's MultiChoice Group on Monday said it will not continue talks with Vivendi's Canal Plus after the board concluded that its 105 rand ($5.55) apiece offer for the shares it does not already own undervalues the company.
Vivendi's Canal+ has submitted an offer to acquire South African pay TV company MultiChoice Group , the company said in a statement on Thursday.
French media company Vivendi said on Tuesday its management board proposed to its supervisory board, which gave its approval on the matter, a split up of its activities around four entities.
Vivendi sees as "positive news" a preliminary deal for Italy to take a stake of up to 20% in Telecom Italia's landline grid as part of any binding offer by U.S. fund KKR , a source close to the French media group said on Friday.
Vivendi subsidiary Prisma Media has entered into a put option agreement with Groupe Figaro for the full sale of French gossip publication Gala magazine, the French media and communications giant announced on Thursday.