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TIT Telecom Italia SpA

0.2262
0.0044 (1.98%)
03 May 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type
Telecom Italia SpA BIT:TIT Italy Ordinary Share
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.0044 1.98% 0.2262 0.225 0.2299 0.2305 0.2214 0.2219 270,771,323 17:00:00

Telecom Italia Pushes Ahead with Content JV with Vivendi's Canal+

17/01/2018 12:04pm

Dow Jones News


Telecom Italia (BIT:TIT)
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From May 2019 to May 2024

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   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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