SA News • Sun, Aug. 17
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Sun, Aug. 17, 9:00 AM
- Telecom Italia (NYSE:TI) is preparing an offer of as much as €7B ($9.4B) to outbid Telefonica (NYSE:TEF) for Vivendi's (OTCPK:VIVHY) Brazilian broadband unit GVT, Bloomberg reports.
- Previously, Telefonica offered $9B to merge GVT with its mobile and wireline subsidiary Vivo.
- If the deal goes through, Vivendi would receive a 20% stake in Telecom Italia and a share in the combined companies' Brazilian units.
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