Vivendi considering relaunching GVT sale or merger with Tim Brasil; Moelis could be advising
Vivendi, the listed French media and telecom group, is understood to be considering relaunching the sale of Brazilian mobile phone operator GVT, La Lettre de L’Expansion reported, citing no source.
The French-language weekly said Vincent Bollore, chairman of the Vivendi supervisory board, made the decision previously to review options for the business, which could be either sold directly or merge with Tim Brasil, the Brazilian unit owned by Telecom Italia. Tim Brasil is also known as TIM Participacoes.
According to the publication, Vivendi is in discussions to appoint Moelis & Company as the adviser on the sale.
Source La Lettre de l'Expansion