Orange aims to sell TV movie channels by Jan-paper

PARIS, Oct 22 (BestGrowthStock) – French telecoms operator Orange
(FTE.PA: ) aims to sell its TV movie channels by January and is in
advanced talks with pay-TV group Canal Plus (VIV.PA: ), Orange’s
content director told La Tribune in an interview.

The disposal is part of Orange’s strategy to retreat after a
costly battle against Canal Plus on the pay-TV market.

Orange is in talks with Canal Plus about a possible merger
of its Orange Cinema channel with Canal Plus’s TPS star.

“We have made contact with most players, including an
important American one,” Xavier Couture told the French business
daily.

“But as of today, only Canal Plus and the head of the
channels have formally expressed interest. Talks with Canal Plus
are the most advanced of all and make the most industrial sense.”
(Reporting by Astrid Wendlandt; Editing by David Cowell)

Orange aims to sell TV movie channels by Jan-paper