Wednesday, 18 July 2018

Telefonica beats Telecom Italia in battle for GVT

By Nick Wood, Total Telecom
Thursday 28 August 14

Vivendi enters into exclusive sale talks with Spanish incumbent over Brazilian broadband unit; currency fluctuations hit 1H revenue.

Vivendi on Thursday entered into exclusive talks to sell its Brazilian unit GVT to Telefonica in a deal worth €7.5 billion, dealing a blow to rival suitor Telecom Italia. Telefonica intends to merge GVT with its Brazilian mobile operation Vivo. In return, Vivendi will receive a 12% stake in the combined entity and the option to take an 8.3% stake in Telecom Italia, currently held by Telefonica. It will also receive &euro…

Vivendi on Thursday entered into exclusive talks to sell its Brazilian unit GVT to Telefonica in a deal worth €7.5 billion, dealing a blow to rival suitor Telecom Italia. Telefonica intends to merge GVT with its Brazilian mobile operation Vivo. In return, Vivendi will receive a 12% stake in the combined entity and the option to take an 8.3% stake in Telecom Italia, currently held by Telefonica. It will also receive &euro…

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