Monday, 25 June 2018

Brazil's CADE OKs Telefonica's GVT buy, new CEO named

By Nick Wood, Total Telecom
Thursday 26 March 15

Spanish incumbent installs GVT chief as CEO of Brazilian arm; confirms €3 billion capital hike.

Telefonica this week cleared the final hurdle to its acquisition of Brazilian broadband operator GVT after receiving approval from local antitrust watchdog CADE. The clearance, granted on Wednesday, paved the way for the Spanish incumbent to name a new chief executive of Telefonica Brasil and commence a €3 billion capital increase to help fund the deal…

Telefonica this week cleared the final hurdle to its acquisition of Brazilian broadband operator GVT after receiving approval from local antitrust watchdog CADE. The clearance, granted on Wednesday, paved the way for the Spanish incumbent to name a new chief executive of Telefonica Brasil and commence a €3 billion capital increase to help fund the deal…

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