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Telefonica to Pay $9.3B For Vivendi's Brazilian Telecom GVT
2014-09-20 13:45:37| Telecom - Topix.net
PARIS -- France's Vivendi has agreed to sell Brazilian telecommunications unit GVT to Telefonica for about 7.24 billion euros in cash and stock, striking a final deal in a two-year disposal program that has taken in more than $40 billion and transformed the former telecommunications giant into a media company. Spain's Telefonica will pay 4.66 million euros in cash, hand Vivendi a 7.4% stake, worth about 2.02 billion euros, in its Telefonica Brasil unit and a further 5.7% stake, worth about 1.01 billion euros, in Telecom Italia SpA.
Tags: pay
telecom
brazilian
telefonica
Telecom Italia in talks to snap up Vivendi's GVT: sources
2014-08-08 07:14:23| Telecom - Topix.net
The plan, which could be finalised over the next three weeks, envisages a counter-bid by Telecom Italia for the Brazilian unit, GVT, followed by an equity swap that would allow Vivendi to acquire a stake in Italy's biggest phone operator, said the sources.
Tags: sources
italia
telecom
talks
Telecom Italia to do battle with Telefonica over Vivendi's GVT
2014-08-08 02:00:00| Total Telecom industry news
Italian incumbent reportedly negotiating counter-offer for Brazilian business.
Tags: italia
battle
telecom
telefonica
Telefonica bids BRL 20.1 billion for Vivendi's GVT
2014-08-05 08:58:00| Telecompaper Headlines
(Telecompaper) Telefonica has made a bid to acquire GVT, the Brazilian broadband operator owned by Vivendi, for BRL 11.96 billion cash and a 12 percent stake in the new Telefonica Brasil, after its merger with GVT. Based on the current value of Telefonica Brasil, the offer values GVT at BRL 20.10 billion (EUR 6.70 billion). The 60 percent of the offer in cash would be financed via a capital increase at Telefonica Brasil, subscribed by Telefonica in proportion to its current stake of 74 percent in the company. Telefonica has also offered Vivendi its stake in Telecom Italia as partial payment. Telefonica still holds 1.11 billion shares in the Italian operator, equal to 8.3 percent of its voting rights. Vivendi confirmed it received the offer and the details. While underlining that "none of its subsidiaries are for sale", the French company said its supervisory board would consider the Telefonica offer at its next meeting, in the best interests of its shareholders and the GVT employees.
Tags: billion
bids
telefonica
brl
EchoStar and Vivendi's GVT end talks for Brazilian TV partnership
2013-12-13 19:18:13| Telecom - Topix.net
French media group Vivendi said in October that GVT was in talks with EchoStar to set up a pay TV venture, hoping to offer pay-TV service to Brazilians eager to watch World Cup soccer matches and the Olympic Games coming to their country.
Tags: end
tv
partnership
talks