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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See the  Telefónica, S.A. record in Latin Target.

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