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Vivendi unit, Telecom Italia to form pay TV JV

Vivendi SA CEO Arnaud de Puyfontaine confirmed reports that unit Canal Plus Group SA is forming a pay TV joint venture with Telecom Italia SpA, Digital TV Europe reported Aug. 1.

De Puyfontaine, who is also executive chairman at Telecom Italia, said the proposal will be submitted to the Telecom Italia control and risk committee in August. De Puyfontaine requested the Italian operator coordinate with Canal Plus to create the over-the-top venture.

Canal Plus and Telecom Italia will form a joint production and acquisition company as part of the agreement, Variety reported July 31, citing sources.