Vivendi staffers, including those working for Canal Plus, are seriously backing their employer with their wallets. Around 10,000 staff have participated in Vivendi’s capital increase, and spending €126.9 million in a share-buying spree.

Vivendi’s employees bought 12.3 million new shares, and now own 3.4 per cent of the business and are the fourth-largest shareholder group on the company’s books.

The backing is seen as showing strong support for the conglomerate especially following on from the shock departure last month by CEO Jean-Bernard Levy following strategic differences at board level.

Other posts by Chris Forrester:

1. OneWeb expects $1bn in 3-5 years
2. SES rescues 5G satellite constellation
3. Intelsat’s bankruptcy fees cost it $288m
4. SaxaVord Spaceport, Spaceport Cornwall latest
5. Satellite dispute helps Thaicom
6. Virgin Galactic signs 800 future astronauts
7. Veon at risk from Russia, Ukraine war
8. Sorrell: “Starlink is ace up Musk’s sleeve”
9. Ligado facing US hurdles

Categories: Blogs, Inside Satellite