(Reuters) -French pay-TV broadcaster Canal+ said on Friday it has reached an agreement with authorities in France relating to a dispute on tax on television services. The company, which was spun out
French pay-TV broadcaster Canal+ reaches deal to settle French tax dispute
(Reuters) -French pay-TV broadcaster Canal+ said on Friday it has reached an agreement with authorities in France relating to a dispute on tax on television services.
The company, which was spun out of Vivendi in December, said it expects one-off charges on its income statement in the first half of 2025, which it is due to report on July 29.
It expects no impact on cash from the agreement to settle the litigation.
Canal+ raised its cash flow from operations forecast to over 500 million euros ($571.30 million) as it expects lower restructuring cash spend.
($1 = 0.8752 euros)
(Reporting by Yadarisa Shabong in Bengaluru; Editing by Nivedita Bhattacharjee)
