Telepiu ends search for partner

Financial candidates must add 'content or strategic support'

MILAN — Italy’s dominant pay TV operator Telepiu ended its search for a financial partner, after the country’s electricity producer and distributor ENEL failed to buy a 30% stake in the Canal Plus Italian subsidiary, French newspaper La Tribune reported Tuesday.

“We are no more looking for partners, unless they can bring us some added value in terms of content or strategic support,” Michel Thoulouze, the head of Canal Plus’ international businesses, said.

This condition will strongly reduce the number of Italian candidates which could join Telepiu, and will leave Canal Plus virtually alone in controlling the Milan-based TV company.

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