According to French news outlet Les Echos, L’Autorite de la Concurrence has approved French broadcaster Canal Plus Overseas’ previously announced deal to take a 51% controlling stake in Mediaserv from the Loret Group. Although the value of the deal has not been disclosed, sources have suggested a price-tag of around EUR45 million (USD61.3 million).
According to TeleGeography’s GlobalComms Database, Canal Plus Overseas, which is owned by the Vivendi Group, first unveiled the deal in June 2013. Mediaserv is a triple-play provider operating in the French overseas territories of Guadeloupe, French Guiana, Martinique, Iles du Nord (Saint-Martin and Saint-Barthelemy) and Reunion. It was established in 1994 as a corporate internet service provider (ISP), but has gone on to carve itself a niche within the residential sector.