Monday, 05 December 2016

Telcos line up to get a Brazilian

By Mary Lennighan, Total Telecom
Friday 22 August 14

Vivo will become Brazil's biggest operator by revenues if Telefonica beats Telecom Italia to GVT deal; talk of Vodafone weighing in seems far-fetched.

The telecoms press is waxing lyrical about the race to acquire Brazilian broadband provider GVT, a move that will reshape the country's telecoms market. Barely a day has gone by in the past couple of weeks without a fresh report – normally citing unnamed sources – of developments in Brazil as European heavyweights Telefonica and Telecom Italia mull their options. To summarise the situation, Telefonica made a cash and stock offer worth €6.7 billion for GVT in early August and, a fortnight later, Telecom Italia confirmed that it too was interested in the company…

The telecoms press is waxing lyrical about the race to acquire Brazilian broadband provider GVT, a move that will reshape the country's telecoms market. Barely a day has gone by in the past couple of weeks without a fresh report – normally citing unnamed sources – of developments in Brazil as European heavyweights Telefonica and Telecom Italia mull their options. To summarise the situation, Telefonica made a cash and stock offer worth €6.7 billion for GVT in early August and, a fortnight later, Telecom Italia confirmed that it too was interested in the company…

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