Canal+ finalizes SPI International acquisition

Canal+ Group has now completed its integration with SPI International. "Canal+ Group is pleased that SPI International will continue their worldwide expansion while developing their operations in a way that benefits the entire group," the press release said. The company now owns 70% of the company. The acquisition was confirmed following the approval from all involving competent authorities in all European jurisdictions.

Canal+  will benefit from the global media group's significant presence in Europe with extensive experience in content distribution and worldwide broadcasting. SPI will also help strengthen Pay TV offers in all European markets and develop new ranges of services for the benefit of customers worldwide.

CANAL+ Group has now established its footprint across Europe, Africa, and Asia. The company currently has 23.7 million subscribers worldwide, including 9 million in mainland France.