Sunday, 04 December 2016

Telefonica makes €6.7bn offer for GVT Brazil

By Nick Wood, Total Telecom
Tuesday 05 August 14

Spanish incumbent's bid gives Vivendi option to acquire 8.3% of Telecom Italia.

Telefonica Brasil on Tuesday launched a €6.7 billion takeover bid for GVT Brazil that paves the way for it to further reduce its stake in Telecom Italia. The Spanish incumbent, which operates in Brazil as Vivo, has offered GVT parent Vivendi 11.96 billion reais (€3.9 billion) and a 12% stake in the combined Vivo/GVT entity…

Telefonica Brasil on Tuesday launched a €6.7 billion takeover bid for GVT Brazil that paves the way for it to further reduce its stake in Telecom Italia. The Spanish incumbent, which operates in Brazil as Vivo, has offered GVT parent Vivendi 11.96 billion reais (€3.9 billion) and a 12% stake in the combined Vivo/GVT entity…

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