Canal+ Overseas, Canal+ Group's overseas territories subsidiary, has
taken a 51% majority stake in Mediaserv, the telco belonging to the
Loret Group based in the French Caribbean.
The deal, aimed at developing TV, phone and broadband services, is about
to be submitted to the French Competition Authority so it can be closed
by the end of the year.
"Canal+ Overseas continues its growth strategy developing new markets in
Africa and Vietnam, and consolidating existing territories with
additional activities. In the French overseas territories, we observe an
unprecedented development of broadband access and IPTV offers," Jacques
du Puy, president of Canal+ Overseas, said.
Canal+ Overseas sells over 200 channels in, mostly French-speaking,
overseas territories, and these are included in Les Chaînes Canal+ and
Canalsat offers. Regions covered include the Caribbean (French Antilles
and Guiana), the Indian Ocean (La Réunion, Mayotte, Mauritius) and
Pacific (New Caledonia and French Polynesia) regions. Canal+ Overseas is
also the first pay-TV operator in French-speaking Africa, through its
subsidiary Canal+ Afrique, with a presence in over 30 Central and West
African countries, as well as in Madagascar.