grinds Vivendi revenues and part of the profits reinvested them in Telecom where he sees “an opportunity to be present and grow in a market whose growth prospects are significant and whose appetite for quality content is very strong. ” Presenting the 2015 accounts, the group led by Arnaud De Puyfontaine focuses on participation in the Italian group, stating to hold to be ” a long-term shareholder ”. The share made statements in late December it is the 21,39% of the ordinary shares of Telecom Italy, but some see the French on the march, with caution, to 24%. 2015 ended with a net profit for Vivendi to 1.932 billion euro, a decline of more than 59% compared with the previous year in which they were made important gains on asset disposals. Revenue grew by 6.7% to 10.762 billion and EBIT by 67.2% to 1.231 billion, all in line with expectations. The only flaw networks Canal + in France that “lose money for 4 years”, admits in a note Vivendi and “with a strong erosion of their number of subscribers from 2012, recorded an adjusted operating loss of 264 million euro in 2015, 76 million more than in 2014 “.
During the presentation of the results of Puyfontaine reminded of wanting to “accompany the largest Italian telecommunications company in its long-term development project”, thus establishing a presence “in a market with which we share same Latin roots “. It ‘also a way to be a player in the Italian market and possibly “take part in any possible consolidation of the media industry”. And in particular with Telecom is working to distribute content: “there we will soon test” added almost eco manager of the instructions in the new three-year plan of Telecom where he talked about strengthening the Multimedia Entertainment that includes, among the other, the activities’ in Videos, Music, Gaming and Publishing. After the presentation to analysts the market has re-read the accounts and the plan and also yesterday continued to rebound in the share price (+3.87%).
Meanwhile, the rating agencies remain at the window. “We continue to maintain our negative outlook on Telecom” is the comment after the accounts and the plan presented in London by telephone Group of Carlos Winzer, senior vice president of Moody’s.
The precise analyst that no action has been taken and a cut in the rating will be the group does not keep the plan’s objectives which, to date, are in line with the agency’s expectations.
was last updated on 8 October 2013 at Ba1 rating and negative outlook . S & amp; P instead the last update was made on November 23, 2015, BB + rating and stable outlook. Also Fitch (20 November 2015) has assigned a stable outlook and a BBB- rating.
In terms Metroweb Discussions continue, waiting for AGCOM is expressed in terms that, according to rumors, would provide for the purchase by Telecom of approximately 67% of Metroweb and stretch of 100% while the industrial point of view coverage with FTTH technology of 250 city ‘, with a total commitment of about 2.5 billion. Today Metroweb brought together the board of directors but, as it turns out, there were no resolutions, it is treated to a meeting called ” ordinary ” sources close to the board. “We opened a negotiating table with Vodafone and Wind, as we have one with Enel and one with Telecom Italy” said the president Franco Bassanini in recent days and both sides remain open. A letter of intent with Vodafone and Wind had been extended to the end of February but will not rule out that it can be further prolonged the time of the discussions.
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