Sunday, 04 December 2016

Telefonica may up GVT offer as Telecom Italia, Vivendi board meetings loom

By Mary Lennighan, Total Telecom
Tuesday 26 August 14

Spanish telco reportedly considering upping Brazil bid to €8 billion, while Italian operator's executives meet with Vivendi's Bolloré.

Telefonica is considering raising the value of its offer for Brazilian broadband provider GVT to €8 billion in an attempt to head off a potential counter-offer from Telecom Italia, it emerged on Tuesday. The Spanish operator may present a revised offer before its Italian peer has made a formal bid and ahead of GVT parent Vivendi's planned board meeting on Thursday…

Telefonica is considering raising the value of its offer for Brazilian broadband provider GVT to €8 billion in an attempt to head off a potential counter-offer from Telecom Italia, it emerged on Tuesday. The Spanish operator may present a revised offer before its Italian peer has made a formal bid and ahead of GVT parent Vivendi's planned board meeting on Thursday…

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