|Bid||16.34 x 6500|
|Ask||16.40 x 20000|
|Day's range||20.26 - 21.73|
|52-week range||15.96 - 24.87|
|PE ratio (TTM)||21.96|
|Forward dividend & yield||1.00 (5.50%)|
|1y target est||N/A|
European shares gained on Friday, snapping a three-week losing streak as earnings updates continued to impress and volatility and jitters over rising inflation eased. Solid reports from large-cap companies ...
PARIS/MILAN (Reuters) - An out-of-court agreement between French media group Vivendi (VIV.PA) and Italian broadcasting company Mediaset (MS.MI) over a pay-TV dispute is unlikely to be reached before Italy's March 4 general elections, said a source close to the matter. "No negotiation is possible between Vivendi and Mediaset until March 4," the source said on Friday. The two groups have been in a legal battle after the French company unexpectedly pulled out in July 2016 of a deal to buy Mediaset's pay-TV unit Premium.
Vivendi (VIV.PA) shares dropped on Friday as the French media conglomerate disappointed investors by failing to offer full guidance for 2018. Shares in Vivendi, led by French billionaire Vincent Bollore (BOLL.PA), were down 5.6 percent at 20.95 euros (18.60 pounds) in early trade, the worst performer on France's benchmark CAC-40 index (.FCHI). Vivendi has generally benefited from the music industry's shift towards paid streaming services and subscriptions revenue, and has acquired stakes in firms such as Telecom Italia (TLIT.MI) and video games company Ubisoft (UBIP.PA).
Vivendi's (VIV.PA) music unit lifted group profit last year, offsetting a downturn in its recently-acquired advertising unit Havas and the continuing recovery of its pay-TV division, the group said on Thursday. Universal Music Group (UMG) accounted for more than three-quarters of the group's core operating profit in 2017, which jumped 23 percent at constant currency and perimeter to 987 million euros (876.48 million pounds), helped by the release of records by global stars Sam Smith, U2 and Taylor Swift.
Inside a hulking five-story building at the Winter Olympics, TV production crews are working with video in 21 languages, all part of a plan by their U.S. employer, Discovery Communications (Frankfurt: DC6.F - news) , to become the top sports media brand in Europe. For the first time in Olympics history, a single broadcaster has the rights to air the Games in almost 50 European countries, including exclusive online streaming, in a diverse region where rights to major sports events are usually split up by country. "This may be bigger than anything that has been undertaken in many ways, just given the complexity of the markets and breadth of the markets," Discovery's head of International, J.B. Perrette, told Reuters.
ROME/MILAN (Reuters) - Telecom Italia (TIM) moved closer to splitting off its network business on Wednesday with the presentation of a plan to the government that could mark a turning point in strained relations between Italy's largest phone group and Rome. TIM has been under pressure for years from Italian politicians, regulators and rivals to separate and upgrade its network, its most prized asset which analysts have valued at up to 15 billion euros ($18.53 billion). Pressure on TIM to act intensified after French media group Vivendi, the Italian phone group's biggest shareholder with a 24 percent stake, began to exert greater influence, which upset the Italian government.
Europe needs to build strong cross-border champions in media and telecoms or else it will by swallowed up by competitors from across the Atlantic or China, the chief executive of French media group Vivendi (VIV.PA) said on Wednesday. Vivendi has invested over 5 billion euros (£4.37 billion) in Italy over the past few years, building up a stake of 24 percent in Telecom Italia (TIM) (TLIT.MI) and becoming the Italian phone group's biggest investor. Vivendi also accumulated a stake of just under 30 percent in Italian broadcaster Mediaset (MS.MI) which is controlled by the family of former Italian Prime Minister Silvio Berlusconi.
MILAN (Reuters) - Vivendi's (VIV.PA) CEO Arnaud de Puyfontaine is optimistic about ongoing talks with Italian broadcaster Mediaset (MS.MI) to find a deal over a failed pay-TV agreement, the executive said ...
Telecom Italia's (TIM) (TLIT.MI) executive chairman Arnaud de Puyfontaine was confident on Wednesday of resolving outstanding issues between the former state phone monopoly and the Italian government to enable a new era of improved relations. The tensions between TIM and the Rome government have been growing in recent years, especially since French media group Vivendi (VIV.PA) became its top investor and started calling the shots at Italy's biggest phone group. Italy said last year it wanted a say in TIM's strategic decisions such as mergers or selling assets it deemed to be of strategic importance, under a so-called "golden power" decree, seen as a move to rein in Vivendi's influence.
A U.S. judge on Tuesday dismissed a lawsuit accusing U2 of lifting part of a British songwriter's work for a song on the Irish rock band's 1991 blockbuster album "Achtung Baby." U.S. District ...
Italy Industry Minister Carlo Calenda said on Monday that a decision on a possible fine against Telecom Italia (TIM) (TLIT.MI) over golden power ruling infringement will be taken before the March 4 vote. Speaking to journalists on the sidelines of a meeting in Florence, the minister said that if it's decided that there is a need for a fine, one would be applied "because we are a country that wants rules to be respected". Italy has launched a process that could end with TIM being fined for failing to notify Rome that French media group Vivendi (VIV.PA), TIM's top shareholder with a 24 percent stake, had assumed de facto control of the phone company.
An appeal to Italy's head of state filed by Telecom Italia (TIM) (TLIT.MI) pending the government's decision on how to apply the powers it has over companies of strategic relevance is only a "technical move", the phone group's chairman said on Friday. Sources said on Thursday TIM would file an appeal to Italy's president against the "golden power" decree, which could give the government a veto over actions such as mergers or selling assets deemed to be of national importance.
The deputy chairman of Telecom Italia (TIM) (TLIT.MI), Giuseppe Recchi, has given up operational powers, two sources with knowledge of the matter said, the latest sign of turmoil at the group that has changed CEOs twice in the past two years. The two sources said Recchi, whose powers include oversight of TIM's affairs related to national security and defence, would stay on the board. TIM has faced several management changes since French media group Vivendi (VIV.PA) became its top investor with a 24 percent stake.
Telecom Italia (TIM) (TLIT.MI) denied a report suggesting its recently appointed chief executive could be on the way out although several sources said there were growing tensions between him and the phone group's top investor Vivendi. TIM named Amos Genish, a favourite of Vivendi (VIV.PA) Chairman Vincent Bollore, as CEO at the end of September, making the former Israeli army captain the Italian phone company's third chief executive in less than two years. TIM Chairman Arnaud de Puyfontaine, who is also the chief executive of Vivendi, said in an emailed statement the board had "full trust in Amos Genish, whose strategy and vision we share.
An Italian regional court said it would postpone the first hearing of an appeal filed by Vivendi (VIV.PA) against an Italian communications authority decision regarding the French group's stakes in Telecom Italia (TLIT.MI) and Mediaset (MS.MI). Authority AGCOM said last year that Vivendi's stake-building at both the telecom firm and the broadcaster was in breach of rules designed to prevent a concentration of power in Italy's telecoms and media sector. Last year Vivendi appealed against this ruling.
ROME (Reuters) - Telecom Italia told unions it plans to cut up to 7,500 jobs in Italy through incentivised layoffs and early retirement, a labour source said on Thursday. Italy's biggest phone group, which ...
Telecom Italia (TLIT.MI) said on Wednesday it would restart talks over a joint venture with Vivendi (VIV.PA) pay-TV unit Canal Plus to meet requests from Italian market watchdog Consob. Telecom Italia, de facto controlled by Vivendi, approved a content deal with Canal Plus in October, strengthening the link between the phone incumbent and its biggest shareholder. TIM said in a statement the new talks on the content venture would restart immediately in accordance with "regulations governing related-party transactions of greater importance".
Dealmaking activity drove sharp share price moves in Europe on Friday with British engineer GKN leaping after it rejected an unsolicited offer from rival Melrose. A gain of over 26 percent in GKN and strength ...
Telecom Italia (TLIT.MI)(TIM) has pushed back a deadline for binding bids for its broadcasting services unit Persidera to give potential suitors more time to prepare offers, sources close to the matter said. French media group Vivendi (VIV.PA), TIM's biggest shareholder, last year agreed to sell TIM's 70 percent stake in Persidera to win antitrust approval for its own plan to gain de facto control of TIM.
Vivendi's (VIV.PA) shares fell on Friday after the media giant said its 2017 profitability would be hit by lingering costs at pay-TV division Canal Plus. The group, led by French billionaire Vincent Bollore, has overhauled Canal Plus' distribution offers, reshuffled its top management and cut operational costs with the aim of stemming a drop in subscribers and operating losses in France. Vivendi was among the worst performers on France's benchmark CAC-40 (.FCHI) stock market index, falling 1.2 percent to 24.01 euros in early session trading.
By Danilo Masoni MILAN (Reuters) - Dealmaking activity drove sharp share price moves in Europe on Friday with British engineer GKN (GKN.L) leaping after it rejected an unsolicited offer from rival Melrose ...
PARIS (Reuters) - Acquisitive French media conglomerate Vivendi (VIV.PA) on Thursday trimmed its revenue and core earnings (EBITA) forecasts for 2017. The group said in a statement it expected revenues ...
MILAN (Reuters) - Telecom Italia is considering cutting thousands of jobs in Italy through incentivised layoffs, union sources said on Monday. Italy's biggest phone group, which employs almost 60,000 people ...
Telecom Italia (TIM) (TLIT.MI) shares moved higher on Monday after Italy's Industry minister reiterated that the group should split off its landline network, a trader said. TIM is under pressure from Italian politicians, regulators and rival firms to separate and upgrade its network, an asset analysts have valued at up to 15 billion euros (13.26 billion pounds). The pressure has intensified since Vivendi (VIV.PA), which has a 24 percent stake in TIM, began to exert greater influence, raising concerns within the Italian government.
Telecom Italia SpA should be split into two separate listed companies with one entity handling its commercial services and the other its landline network, Italian Economic Development Minister Carlo Calenda ...