Announcement due on Canal-Orange talks
Published: 10.43 UTC, January 18, 2011 by Julian Clover

France Telecom and the Canal Plus Group have announced a joint press conference that is expected to give an update on the integration of the Orange Cinema Series and Orange Sport channels into the Canal+ family.

The press conference, scheduled for Wednesday, will have the participation of France Telecom director-general Stéphane Richard and Canal Plus president Bertrand Méheut.

Last July, Stéphane Richard, CEO France Telecom, said that the operator was to concentrate on its core business and withdrawing completely from the premium content TV business. Since then other potential bidders have come forward including Swedish private investment firm Parsifal AB, headed by former FilmNet executive Peter Elkelund.