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Vivendi opts for exclusive talks with Telefonica on GVT sale

2014-08-28 16:37:00| Telecompaper Headlines

(Telecompaper) Vivendi has decided to enter exclusive negotiations with Telefonica on the sale of its Brazilian broadband operator GVT. The decision comes within a day of Telefonica raising its bid to EUR 7.45 billion, beating an offer of EUR 7 billion from Telecom Italia. Telefonica's offer also comes with a higher cash portion and a stake in Telefonica Brasil. If Vivendi reaches agreement on the sale of GVT, it will exit the telecoms business completely, after earlier selling French operator SFR and Maroc Telecom. Vivendi said it found Telefonica's offer for GVT more attractive, resulting in a profit of more than EUR 3 billion. The bid also carries limited risks, especially after completion of the sale, while opening up opportunities for closer cooperation between the two groups in the media and content sectors.

Tags: sale exclusive talks telefonica

Exclusive: GM plans to move some Chevy Equinox assembly to Mexico -source

2014-08-28 04:30:02| Automakers - Topix.net

General Motors Co and the United Auto Workers on Wednesday trumpeted the news that production of the Cadillac SRX would be shifted from Mexico to Tennessee, but Reuters has learned that GM also plans to move some other assembly work in the opposite direction.

Tags: to source plans move

Exclusive: Sprint's Head of Product on Learning From Japan

2014-08-28 02:37:34| PC Magazine Cell Phones Product Guide

Sprint has been taking a look at Japan to juice up its product line, the company's head of product development says.

Tags: product japan head learning

Exclusive - Chevron seeks up to $1.5 billion for Canadian oil project: sources

2014-08-26 02:47:40| Oil & Gas - Topix.net

Chevron's subsidiary, Chevron Canada Limited, has exploration leases for approximately 330,000 net acres in the Duvernay shale formation.

Tags: project sources oil exclusive

Exclusive: Chevron Seeks Up To $1.5 Billion For Canadian Oil Project - Sources

2014-08-26 02:23:38| Energy - Topix.net