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Telecom Italia to offer up to EUR 7 bln for GVT - report

2014-08-18 08:53:00| Telecompaper Headlines

(Telecompaper) Telecom Italia is preparing an offer of as much as EUR 7 billion to outbid Telefonica for Vivendi's Brazilian broadband unit GVT, people with knowledge of the plan told Bloomberg. Vivendi would get a 20 percent stake in Telecom Italia and a stake in the entity that combines the two companies' Brazilian units. Telefonica offered EUR 6.7 billion for GVT earlier this month. The Brazilian newspaper Folha de Sao Paulo reported separately that Telecom Italia was set to make an all-stock bid for GVT valued at as much as EUR 7 billion.

Tags: report offer eur italia

 

Telecom Italia could cede 20% to Vivendi in 7bn GVT deal

2014-08-18 02:00:00| Total Telecom industry news

Latest press report claims Italian incumbent working on all-stock deal that would enable it to combine TIM Brasil with Vivendi's GVT.

Tags: deal italia telecom vivendi

 
 

Telecom Italia seen planning to bid up to 7 billion euros for GVT: report

2014-08-17 15:42:35| Telecom - Topix.net

Telecom Italia is preparing to offer up to 7 billion euros to outbid Spain's Telefonica in the race to acquire Vivendi's Brazilian broadband unit GVT, according to a Bloomberg report on Sunday.

Tags: report planning italia bid

 

Eurobites: Telecom Italia Eyes Brazil Merger

2014-08-15 13:57:16| Telecom - Topix.net

Also in today's EMEA regional roundup: EE causes a stir with queue-jumping service; Huawei and Rostelecom box clever; soccer bosses clamp down on bootleg goal videos.

Tags: eyes italia brazil telecom

 

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.

Tags: interest italia telecom confirms

 

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