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| Name | Symbol | Market | Type |
|---|---|---|---|
| Vivendi SE (PK) | USOTC:VIVHY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| -0.035 | -0.29% | 11.965 | 11.96 | 11.97 | 12.002 | 11.94 | 12.00 | 6,034 | 20:02:40 |
From Jul 2019 to Jul 2024
Polish broadcaster TVN SA (TVN.WA) and French entertainment group Vivendi SA (VIV.FR) are planning to hold on to their stakes in the pay-television joint venture they have agreed to create, TVN Chief Executive Markus Tellenbach said, according to a Reuters report Wednesday.
TVN and Vivendi in December agreed to form a joint venture comprising their Polish pay-TV units. The new company's majority shareholder will be Vivendi's pay-TV subsidiary Canal Plus, with a 51% stake, followed by TVN with a 32% stake and local cable TV company UPC with 17%.
Telekomunikacja Polska SA (TPS.WA), Poland's largest communications company, said in October last year it would be ready to consider a pay-TV partnership if approached.
Tellenbach acknowledged TPSA's interest, but said the joint venture wasn't for sale at the time.
"We do not plan to cut our 32% stake in the future platform," he is quoted as saying. "And Canal Plus is also not interested in cutting its 51% stake. So it all boils down to who the seller would be."
Agency website: www.reuters.com
-Warsaw Bureau, Dow Jones Newswires; +48 22 447 2432
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