Canal Plus selling 50% of Telepiu

Pact to boost feevee operator

MILAN — A few days after media group Fininvest decided to sell its 10% stake in pay TV operator Telepiu to Canal Plus, the Gallic pay TV giant has reportedly reached an agreement with Italian partners to sell them 50% of the Milan-based company.

According to a report in La Repubblica, Canal Plus (which currently owns 100% of Telepiu) will sell a 30% stake to Italy’s phone company, Wind, a 18% stake to a group that includes three leading Italian banks and 2% to pubcaster RAI, which has an option to buy up to 10% of Telepiu.

Since June, RAI has supplied six theme-based channels to Telepiu’s digital pay TV service, called D+.

The final deal is expected to be inked at the end of the month, the report said. All companies involved in the operation said they preferred not to comment, but many in the media circles believe the press report is reliable.

Wind CEO Tommaso Pompei, a personal friend of RAI director general Pierluigi Celli, who allegedly organized the Telepiu deal, recently said he wanted to invest in the convergence of television and telephony, both on mobile and fixed-line networks, for the development of interactive services.

Strengthening Telepiu

If signed, the Wind-Telepiu-RAI agreement will strengthen Telepiu financially while defusing a politically embarrassing situation in which a foreign company controls 100% of Italy’s dominant pay TV platform.

Deal will also represent a serious threat to struggling Stream, Italy’s second pay TV company, in which Rupert Murdoch bought a 35% stake last spring.

More Biz

  • Ellen Degeneres Racism

    Entertainment Leaders Set to Celebrate Special Olympics 50th Anniversary

    MILAN — A few days after media group Fininvest decided to sell its 10% stake in pay TV operator Telepiu to Canal Plus, the Gallic pay TV giant has reportedly reached an agreement with Italian partners to sell them 50% of the Milan-based company. According to a report in La Repubblica, Canal Plus (which currently […]

  • Lauren Sivan

    Accuser Lauren Sivan Reacts to Harvey Weinstein's Arrest: 'He Should Be in Jail'

    MILAN — A few days after media group Fininvest decided to sell its 10% stake in pay TV operator Telepiu to Canal Plus, the Gallic pay TV giant has reportedly reached an agreement with Italian partners to sell them 50% of the Milan-based company. According to a report in La Repubblica, Canal Plus (which currently […]

  • Netflix Reed Hastings

    Netflix Stock Closes at All-Time High, Nudging Market Cap Ahead of Disney's Again

    MILAN — A few days after media group Fininvest decided to sell its 10% stake in pay TV operator Telepiu to Canal Plus, the Gallic pay TV giant has reportedly reached an agreement with Italian partners to sell them 50% of the Milan-based company. According to a report in La Repubblica, Canal Plus (which currently […]

  • Hollywood's Magic Castles Head to China

    Hollywood's Magic Castles Head to China

    MILAN — A few days after media group Fininvest decided to sell its 10% stake in pay TV operator Telepiu to Canal Plus, the Gallic pay TV giant has reportedly reached an agreement with Italian partners to sell them 50% of the Milan-based company. According to a report in La Repubblica, Canal Plus (which currently […]

  • Is Spotify Walking Back Its Anti-Hate

    Is Spotify Walking Back Its Anti-Hate Policy?

    MILAN — A few days after media group Fininvest decided to sell its 10% stake in pay TV operator Telepiu to Canal Plus, the Gallic pay TV giant has reportedly reached an agreement with Italian partners to sell them 50% of the Milan-based company. According to a report in La Repubblica, Canal Plus (which currently […]

More From Our Brands

Access exclusive content