- Telecom Italia's (NYSE:TI) CEO Marco Patuano is scheduled to meet with Vivendi (OTCPK:VIVHY) chairman Vincent Bollore on Wednesday or Thursday to discuss an offer for the latter's Brazilian wireline carrier GVT.
- Telecom Italia's proposal may include an equity swap, by offering Vivendi shares in exchange for GVT.
- Tensions are high, due to a $9B bid from Spanish rival Telefonica (NYSE:TEF) just days before. Telefonica plans on merging GVT with its Brazilian mobile and wireline subsidiary Vivo.
Telecom Italia, Vivendi to meet over GVT deal
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| Symbol | Last Price | % Chg |
|---|---|---|
| TIIAY | - | - |
| Telecom Italia S.p.A. | ||