Telefonica may raise €6.7B bid for GVT unit over fear of a rival bid from Telecom Italia - press
- Telefonica SA Board is scheduled to meet today to discuss the play for Vivendi Brazilian operator GVT.
**Telecom Italia has said it is studying its own offer for GVT in order to merge its Brazilian unit, TIM Participacoes, with GVT. - Telecom Italia's board was meeting Wednesday as well.