Telecom Italia to pull out of Canal+ JV?

Telecom Italia looks set to pull out of a proposed joint-venture with Canal+, the pay-TV arm of its top shareholder French media group Vivendi, according to a Reuters report.

Under the terms of the joint-venture, which had been challenged by Telecom Italia’s independent directors, the phone group would pay for content provided by Canal+.

An unnamed source said Telecom Italia’s board would discuss the issue on March 6th.

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