Tag Archives: Vivo

Vivo Announces Shut Down of its CDMA Network

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Brazilian mobile network operator, Vivo has announced that it will switch off its older CDMA network this coming September. The company has not said how many customers it has still using the network, but did say that all CDMA customers would be offered special deals for a GSM handset replacement.

The company originally announced its migration from CDMA to GSM in June 2006 when it said that it would build a GSM overlay on its existing network infrastructure. CDMA coverage in the South, the interior of Sao Paulo and a piece of the Midwest was provided by Motorola. The rest of Brazil was divided between Nortel and Alcatel-Lucent.

The network is currently reported to be filling in gaps in the GSM coverage where CDMA services are currently the only option.

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Oberthur Technologies wins Brazilian SIM Activation for Vivo

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­Oberthur Technologies has announced it has won a contract from Brazil’s Vivo Participações to manage the activation of SIM cards in circulation through its remote activation platform, Smart HLR. Oberthur Technologies relies on ATS to deploy Vivo’s Platform. Smart HLR detects first-time user registration and then allocates a mobile number.

This software service aims to assist mobile operators to reduce SIM card logistics costs and to optimise their network: no more need to stock pre-activated subscriber identification modules. In addition to this, operators can offer their clients the possibility to choose golden mobile numbers according to their preferences.

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Telefónica announced integration of fixed and mobile businesses in the country

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Telefónica group has announced the integration of fixed and mobile businesses in the country, which will account for synergies varying between €3.3 billion and €4.2 billion once operations are consolidated. In a release to the Securities and Exchange Commission of Brazil (CVM), the company has also confirmed that it will submit a public offering for Vivo’s common shares not belonging to Brasilcel, and that account for almost 3.8% of Vivo Participaciones share stock, operation that should be completed by February 2011.

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Telefonica acquires 50% stake in Brasilcel

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Telefonica has notified the Spanish stock market regulator CNMV that it has acquired a 50 percent stake in Brasilcel. Owned by Portugal Telecom, Dutch company Brasilcel owns approximately 60 percent of the capital stock of Brazilian mobile operator Vivo Participacoes. The 50 percent stake acquisition follows the 28 July agreement between Telefonica and PT.

As agreed, Telefonica has made the first payment of EUR 4.5 billion. The remaining amount, up to EUR 7.5 billion, will be satisfied under a schedule of payments, including EUR 1 billion on 30 December 2010, and EUR 2 billion on 31 October 2011. However, PT can request for this last payment to be executed on 29 July 2011, and therefore the price of the acquisition and the closing payment will be reduced by approximately EUR 25 million.

As a result of this acquisition, Telefonica gains control of Vivo. In connection with the closing of the transaction, the agreements signed in 2002 between Telefonica and Portugal Telecom, in relation to their joint venture in Brazil, have been terminated. Telefonica will launch a tender offer over the voting shares of Vivo, for a price equal to 80 percent of the price paid by Telefonica to PT for each voting share of Vivo owned by Brasilcel.

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Telefonica Deal to Buy VIVO Falls Apart

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On Saturday, Telefonica pulled out of negotiations to acquire Portugal Telecoms stake in Vivo Participações (VIVO) for EUR 7.15 billion ($9.3 billion).

The deal fell through after Portugal Telecom’s board of directors failed to accept the Spanish company’s offer by the deadline.

“The deal has been extinguished,” Telefonica said.

Though PT shareholders voted two weeks ago to accept the offer, the Portuguese government used special voting rights to block the sale, citing national interests.

The European Union’s Court of Justice then ruled that the Portuguese government’s blocking of the deal was illegal.

Portugal Telecom is Portugal’s largest telecommunications operator and the Portuguese government demanded it maintain a foothold in Brazil as it did not want to lose Portugal Telecoms’s Brazilian revenue stream.

Telefonica would not comment Saturday on the possibility of legal action following the collapse of the deal.

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Telefonica Wont Extend Bid for VIVO

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­Telefonica has ruled out the possibility of extending the July 16th deadline for its EUR 7.15 billion (USD $9 billion)offer for Portugal Telecom’s stake in their Brazilian joint venture. The offer has been accepted by 74% of Portugal Telecom’s shareholders, although the Portuguese government attempted to use its “golden share” to block the deal. This was later ruled illegal by the European courts.

“This ends July 16,” Chairman Cesar Alierta told Bloomberg News. “Brasilcel is a relationship between Portugal Telecom and Telefonica and as far as I know there is no need for anybody else to interfere.”

The two phone companies jointly own Brasilcel, which controls 60 percent of Vivo Participações (VIVO) . Telefonica originally offered EUR 6.5 billion (USD $7 billion) for the Brazilian stake, but later raised it to the current EUR 7.15 billion (USD $9 billion).

Telefonica will go to a Dutch arbitration court to seek the breakup of Brasilcel if it can’t reach an agreement this week, Spanish newspaper ABC reported today, citing people close to the phone company’s board it didn’t identify. In the event that Brasilcel were broken up, Telefonica would seek to buy shares in Vivo in the open market until it reaches majority control, ABC added.

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Telefonica increases bid for VIVO to 7.15 billion Euros

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Telefonica has again increased its offer for Portugal Telecom’s stake in Brazilian operator Vivo Participações (VIVO), hours before Portugal Telecom shareholders are expected to vote on the deal.

Telefonica has now boosted its previous EUR 6.5 billion offer by 10 percent. The new consideration amounts to EUR 7.15 billion and is valid until 2 July. All the other terms and conditions of the previous offer launched on 1 June remain the same. The revamped offer will be submitted to Portugal Telecom shareholders at the general shareholders meeting on 30 June.

Telefonica had already increased its initial EUR 5.7 billion offer by 14 percent to 6.5 billion on 1 June to gain support from Portugal Telecom Shareholders. Portugal Telecoms board unanimously rejected Telefonica’s previous offers, claiming that the bids did not reflect the strategic value of the asset for Telefonica.

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