Is Orange in the market for a media company?
Should Orange Buy Vivendi?
The German incumbent is weighing options for its infrastructure while the region's powerbrokers continue to advance.
Worth $370 billion in 2006, Spain's biggest telecom operator is valued at just $25 billion today.
The Italian operator's latest strategic plan is probably not going to be a major restorative for a company that seems in perpetual decline.
One study's winner is another's laggard, possibly because researchers cannot agree on what constitutes an essential patent.
Despite concern about the impact of US sanctions, the Chinese equipment giant's networks business is still going strong.
You cannot become a platform business by buying companies in adjacent industries and then hoping for some magical synergies to appear.
60% of Videndi's EBITDA (before loss on "new initiatives and corporate costs) comes from music. What possible sense does it make for Orange to own a music publisher?
30% of EBITDA comes from Canal +. It might make sense to buy this to get content for Orange's payTV business but why buy the business when they can license the content and avoid some of the risks of a hit/miss media business?
10% of EBITDA is from the stake in Havas and advertising and PR firm. Do telcos need to be in the advertising business? I don't think so.