Vivendi Reaffirms Its Desire to Be a Long Term Committed Shareholder to Add Value to Telecom Italia
April 21 2017 - 07:52AM
Business Wire
Regulatory News:
Vivendi (Paris:VIV), Telecom Italia’s largest shareholder,
wishes to reaffirm its role as a long term committed shareholder of
the Italian telecoms operator prior to its May 4, 2017
Shareholders’ meeting for which it has proposed a slate of
candidates.
The media and telecoms industry is evolving towards a convergent
digital ecosystem, with the integration of content and
distribution. Vivendi is in a unique position to be present across
the value chain by leveraging its premium content, distribution
platforms and partnerships, and its wide customer reach. Within
this framework, Vivendi sees Telecom Italia as a key distribution
asset playing a major role in its ambitious plan to become a world
class provider of premium content. It is also in the interest of
Telecom Italia to have a long term investor.
Vivendi will be able to strengthen Telecom Italia’s position. It
will enable the company to capture the opportunities as well as
overcome the challenges that rise from the major changes in the
telecoms sector and the arrival of a new player shortly. Benefiting
from Vivendi’s assets and expertise in content, digital
distribution and communications, the Telecom Italia management will
build significant value for customers, employees and
shareholders.
In addition, Vivendi believes in the importance of continued
investment in the expansion of the Telecom Italia mobile and fixed
broadband networks to address the strong demand in high quality
converged services as well as in multiplay bundles. Enabling the
best customer experience in converged services, and combining it
with the best price/benefit ratio of the market will allow Telecom
Italia to increase both its market share and its revenue.
Arnaud de Puyfontaine, Chief Executive Officer of Vivendi, said:
“In 2016, Vivendi supported the Telecom Italia management in its
drive to put in place the conditions to improve operational and
financial results. Vivendi will continue to help it, bringing its
expertise and resources in order to drive revenue and margin
increase, while improving the customer experience in all
segments.”
In addition, Vivendi is willing to work closely with the Telecom
Italia management and teams, with the Italian government and
regulatory bodies to successfully develop a major Italian
company.
About VivendiVivendi is an integrated media and content
group. The company operates businesses throughout the media value
chain, from talent discovery to the creation, production and
distribution of content. Universal Music Group is engaged in
recorded music, music publishing and merchandising. It owns more
than 50 labels covering all genres. Canal+ Group is engaged in
pay-TV in France, as well as in Africa, Poland and Vietnam. Its
subsidiary Studiocanal is a leading European player in production,
sales and distribution of movies and TV series. Gameloft is a
worldwide leader in mobile games, with 2 million games downloaded
per day.Vivendi Village, groups together Vivendi Ticketing (in the
United Kingdom, the United States and France), MyBestPro (expert
counseling), Watchever (subscription streaming services), Radionomy
(digital radio), the venues L’Olympia and Theâtre de L‘Œuvre in
Paris, and CanalOlympia in Africa, as well as Olympia Production.
With 3 billion videos viewed each month, Dailymotion is one of
the biggest video content aggregation and distribution platforms in
the world.
www.vivendi.com, www.cultureswithvivendi.com
Cautionary Note Regarding Forward Looking StatementsThis
press release contains forward-looking statements with respect to
the financial condition, results of operations, business, strategy,
plans and outlook of Vivendi, including the impact of certain
transactions. Although Vivendi believes that such forward-looking
statements are based on reasonable assumptions, such statements are
not guarantees of future performance. Actual results may differ
materially from the forward-looking statements as a result of a
number of risks and uncertainties, many of which are outside our
control, including but not limited to the risks related to
antitrust and other regulatory approvals as well as any other
approvals which may be required in connection with certain
transactions and the risks described in the documents Vivendi filed
with the Autorité des Marchés Financiers (French securities
regulator), which are also available in English on Vivendi's
website (www.vivendi.com). Investors and security holders may
obtain a free copy of documents filed by Vivendi with the Autorité
des Marchés Financiers at www.amf-france.org, or directly from
Vivendi. Accordingly, we caution readers against relying on such
forward looking statements. These forward-looking statements are
made as of the date of this press release and Vivendi disclaims any
intention or obligation to provide, update or revise any
forward-looking statements, whether as a result of new information,
future events or otherwise.
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