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Telecom Italia to Offer Up to $9.4 Bln for GVT, Folha Reports 2014-08-16 16:22:01.243 GMT
By Vanessa Dezem Aug. 16 (Bloomberg) -- Telecom Italia will offer up to 7b euros ($9.4b) for Vivendi’s GVT business in Brazil, said the newspaper Folha de S.Paulo, without specifying its sources. * Co. will offer Vivendi a 20% stake in its capital and stake in Tim Participacoes * With the transaction, GVT and TIM will merge * If confirmed, Telecom Italia proposal for GVT will be 300m euros higher than the one made by Telefonica * NOTE: Telefonica offered to buy GVT for 6.7b euros this month * NOTE: Link to story: http://tinyurl.com/k8qafz9
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To contact the reporter on this story: Vanessa Dezem in Sao Paulo at +55-11-2395-9056 or vdezem@bloomberg.net To contact the editor responsible for this story: Reed Landberg at +44-20-7330-7862 or landberg@bloomberg.net