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VIV

Vivo Participacoes S.A.

5/22/2013, 2:16 PM ET

Quote & Headlines Market Currents StockTalk

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Thursday, September 8, 2011, 1:39 PM Quick take on GSMA data: Emerging market carriers such as CHL, CHU, CHA, AMX, and VIV will benefit from global wireless connection growth. Meanwhile, the low market share for CDMA demonstrates the growth opportunities remaining for Qualcomm (QCOM), as GSM users in emerging markets migrate to 3G CDMA networks. Comment! [Tech, Quick Ideas]
Wednesday, July 28, 2010, 7:28 AM Telefonica (TEF) reaches an initial agreement to buy Portugal Telecom's (PT) stake in Vivo (VIV), but declines to provide a price for the deal, which must still be approved by the boards of both companies. Sources say Telefonica offered €7.5B ($9.8B), marking its third bid increase and a 32% jump from its initial offer. Comment!
Saturday, July 17, 2010, 3:17 PM Telefonica (TEF) abandons its pursuit of full control of Vivo (VIV), its JV with Portugal Telecom (PT). Sources say the next step may be a legal battle, with Telefonica poised to ask a Dutch court to break up the JV. Comment!
Tuesday, July 13, 2010, 8:44 AM Shareholders of Vivo (VIV) and Portugal Telecom (PT) won't be in suspense much longer, as Telefonica (TEF) has ruled out extending its €7.15B ($9B) offer for PT's Vivo stake. "This ends July 16," says Telefonica Chairman Cesar Alierta. Comment!
Thursday, July 8, 2010, 7:31 AM Europe's highest court rules against Portugal for blocking Telefonica's (TEF -0.5%) €7.15B ($9.04B) bid to buy Portugal Telecom's (PT -1.8%) stake in their Vivo (VIV) JV. Portugal is expected to divest its shares, but it could take months to implement the ruling. Comment!
Wednesday, July 7, 2010, 8:36 AM Telefonica (TEF) may get some help in its Vivo (VIV) bid; the European Court of Justice is expected to rule tomorrow that Portugal's decision to block the bid breached EU law. Comment!
Thursday, July 1, 2010, 7:37 AM In an unexpected and controversial move, Portugal's government blocks Telefonica's (TEF) bid for Portugal Telecom's (PT) stake in Vivo (VIV). 74% of PT's shareholders had voted in favor of the €7.15B ($8.7B) bid, and the government's intervention will likely be challenged by both Telefonica and the European Commission. 1 Comment
Wednesday, June 30, 2010, 7:53 AM Telefonica (TEF +2.4%) raises its bid for Vivo (VIV +1.9 %) for the second time, ahead of Portugal Telecom's (PT +0.4%) shareholder meeting today. The offer is now €7.15B ($8.7B) for PT's share of Vivo, but it's unclear whether the sweetener will be enough to convince PT's core shareholders, who have opposed a deal thus far. (previously: I, II, III, IV) Comment!
Wednesday, June 2, 2010, 7:36 AM 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. Comment!
Friday, May 28, 2010, 8:53 AM Portugal Telecom (PT +1.7%) is sounding out investors about launching a counterbid to Telefonica's (TEF) €5.7B offer for PT's stake in Vivo (VIV), which it rejected. The saga took an additional twist Thursday when it emerged that Carlos Slim may be mulling a stake in PT to thwart Telefonica's ambitions. Comment!
Wednesday, May 26, 2010, 8:12 AM Telefonica (TEF) may consider a hostile bid for Portugal Telecom if it doesn't succeed in its €5.7B ($7.3B) bid for PT's stake in Brasilcel, their joint venture. Tensions between the two firms are rising, and Telefonica has threatened to block dividends to PT from Vivo (VIV). (previously) Comment!
Tuesday, May 11, 2010, 7:22 AM Portugal Telecom rejects a €5.7B ($7.3B) cash offer from Telefonica (TEF -5.8%) for PT's 50% stake in Brasilcel, their joint investment vehicle which controls 60% of Brazilian mobile company Vivo (VIV). PT says a sale would hurt its long term growth prospects. Comment!