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Telefonica (TEF) raises its bid to buy Portugal Telecom (PT) out of Vivo (VIV), their Brazilian...

Telefonica (TEF) raises its bid to buy Portugal Telecom (PT) out of Vivo (VIV), their Brazilian mobile phone JV. At €6.5B ($7.9B), the new bid is 14% higher than Telefonica's original offer. PT calls a shareholders' meeting to vote on the offer and appoints three execs to negotiate a potential deal.
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