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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 |
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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