PARIS (dpa-AFX) - Orange S.A. (ORAN), a French telecom major, said on Monday that it has signed a memorandum of understanding with Canal+ Group, a mass media firm, to sell OCS pay TV package and Orange Studio, the film and series co-production arm. Financial terms of the MoU are not known.
Post transaction, the Canal+ Group will become the sole shareholder of the two companies.
Canal+ already owns 33.34 shares of OCS since 2012 and is its leading distributor.
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