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Vivendi: conditions not right for Digital+

May 1, 2009 09.27 Europe/London By Julian Clover

Digital+Vivendi chief executive Jean-Bernard Levy has told his company’s AGM that the right conditions for reaching a deal for the purchase of 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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Filed Under: Finance, Newsline, Satellite, Top Story Edited: 4 May 2009 08:22

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About Julian Clover

Julian Clover is a Media and Technology journalist based in Cambridge, UK. He works in online and printed media. Julian is also a voice on local radio. You can talk to Julian on X @julianclover, or by email at jclover@broadbandtvnews.com.

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