French broadcaster Canal Plus Overseas, which is owned by the Vivendi Group, has announced that it has acquired a 51% stake in Mediaserv from the Loret Group. No purchase price has been revealed. Jacques du Puy, president of Canal Plus Overseas, commented: ‘In [the overseas departments] we are witnessing an unprecedented development of broadband access … this acquisition is a great opportunity for [Canal Plus Overseas] – it allows us to benefit from the expertise and know-how of Mediaserv in the field of telecommunications’.
According to TeleGeography’s GlobalComms Database, Mediaserv is a triple-play provider operating in the French overseas territories of Guadeloupe, French Guiana, Martinique, Iles du Nord (Saint-Martin and St 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.