Telefonica Offers To Buy Brazilian operator GVT From Vivendi For $9B

Spain’s largest telecoms group, Telefónica has offered $8.9 billion in cash and shares to acquire Vivendi’s Brazilian fixed-line telecoms operations, Global Village Telecom (GVT), in a deal that would help Telefonica to expand further in Brazil. 

Vivo, the commercial brand of Telefónica in Brazil, is a leading operator in the mobile wireless market and leading broadband services provider in Sao Paulo, while GVT is a successful and fast growing alternative operator in Brazil.

A combination of Vivo and GVT would create the largest telecom operator in Latin America’s largest market, providing a unique platform for the generation of synergies and value creation, said Telefonica in a news release.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

PREVIOUS POST

Etisalat Group Exits Sudan By Selling Stake in Canar for $95 million

NEXT POST

Bouygues Denied Receiving Bids for Telecoms Unit

THE EDITOR'S DESK

UPCOMING EVENTS

Artelligence 2019

Telco AI Summit Asia

Network Virtualization and SDN Asia

Network Virtualization & SDN Americas

 

ON TWITTER

ON FACEBOOK