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Canal+ outlook for sub growth - Venture Insights

Report Overview

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Canal+ outlook for sub growth

PublisherEnders Analysis.
Publish Date June 12, 2006
Sector FTA TV, Pay TV.
Company Canal Plus.

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Vivendi Q1 2006 quarterly results show solid underlying improvement in earnings, but disappointing subscription figures, which fell by 40,000 in the quarter

We regard meeting even this extended deadline as difficult given their slowing growth, churn problems and the increasing network costs associated with their network outsourcing deals, and furthermore EBITDA is unlikely to improve significantly from 2007 onwards