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Latest Satellite News Discussion, Info Vivendi: conditions not right for Digital+ at General Satellite News forum; Vivendi: conditions not right for Digital+ By Julian Clover | May 1, 2009 Vivendi chief executive Jean-Bernard Levy has told ...

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Info Vivendi: conditions not right for Digital+ - 01-May-2009, 16:40

Vivendi: conditions not right for Digital+

By Julian Clover | May 1, 2009



Vivendi chief executive Jean-Bernard Levy has told his companys AGM that the right conditions for reaching a deal for Digital+ had yet to be met. His comments came as current owners Prisa posted the worst subscriber numbers for the Spanish DTH platform since June 2006.

The announced 2,001,000 represented a fall of 34,000 subscribers in the first quarter. Average subscriber revenues of 44.3 was marginally down on the 44.5 of Q4 2008. The division recorded subscriber revenues of 275.36 million, out of a total 391m, and EBITDA of 80.29m.

Prisa is in the process of completing an extension to its bank loans to March 31, 2010, a move that is expected to complete on May 14.
Levy said Vivendi was continuing to monitor developments, but declined to say whether any talks with Prisa were still taking place.


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