Tag Archives: Vivendi

Telecom Italia's Reveals Latin America strategy

Telecoms, ,

Speaking during a summit in Santiago, Telecom Italia Chairman Franco Bernabe told Reuters
that Telecom Italia is not seeking to expand in Latin America, although the company plans to boost its infrastructure in view of growing regional data traffic.

According to Bernabe, Telecom Italia is looking at investments that strengthen its existing operations and where the operator has potential for growth. He added that Telecom Italia is not taking part in the bidding for Vivendi’s Brazilian unit GVT, as the price is too high.

Telefonica bids hard for Brazils GVT

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Telefonica has raised its unsolicited offer for Brazilian broadband operator GVT by 5.2 percent to BRL 50.50 per share. The bid increase aims to “ensure the success of the offer and reinforce Telesp‘s intention” to buy GVT, the company said. Telefonica‘s previous offer of BRL 48 per share was already higher than an earlier bid of BRL 42 per share from Vivendi. GVT‘s shareholders have called for a minimum offer of BRL 48 cash. At the new price, Telefonica’s offer values the Brazilian operator at EUR 2.7 billion.

Global Village Telecom (GVT) account record in Latin Target.

Telecomunicações de São Paulo S.A. account record in Latin Target.