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Telecom Italia confirms interest in GVT

2014-08-15 08:45:00| Telecompaper Headlines

(Telecompaper) Telecom Italia confirmed that it is undertaking a "detailed review" to determine whether it may make a takeover bid for GVT, the Brazilian broadband operator owned by Vivendi. GVT could be merged with its own Brazil subsidiary, TIM Brasil, strengthening its position in the fixed market. The Italian operator said it had not made any offer yet, nor had the boards of Telecom Italia and TIM Brasil met to discuss the possible offer.

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