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Vivendi threatens to 'close the tap' on Canal Plus

2016-04-22 16:15:00| Telecompaper Headlines

(Telecompaper) Canal Plus could make an operating loss of over EUR 400 million this year unless it makes some changes, Vivendi supervisory board chairman Vincent Bollore told shareholders at the group's AGM. He thinks it will be possible to turn Canal Plus around but that the group will not be able to finance its losses for long. Vivendi's AGM also approved the distribution of a EUR 3 dividend for 2015, two-thirds of which has already been paid. 

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Category:Telecommunications

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