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Telefonica buys GVT for EUR 7.2 bln in cash and shares

Friday 19 Sep 2014 | 09:43 CET | News
Telefonica has confirmed its acquisition of Vivendi's Brazilian broadband operator GVT in a deal worth around EUR 7.2 billion in cash and shares. A final agreement was signed on 19 September after Vivendi had agreed to enter into exclusive negotiations with Telefonica on 28 August, snubbing a EUR 7 billion offer from Telecom Italia. The agreement, which was reached comfortably before the end of ...

Telefonica buys GVT for EUR 7.2 bln in cash and shares

Friday 19 Sep 2014 | 09:43 CET | News Telefonica has confirmed its acquisition of Vivendi's Brazilian broadband operator GVT in a deal worth around EUR 7.2 billion in cash and shares. A final agreement was signed on 19 September after Vivendi had agreed to enter into exclusive negotiations with Telefonica on 28 August, snubbing a EUR 7 billion offer from Telecom Italia. The agreement, which was reached comfortably before the end of ...

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Microsoft starts lay-offs with 2,100 employees

19 Sep 2014 09:33 CET | United States
Microsoft said it was laying off 2,100 workers, as part of its previously announced plan to cut 18,000 jobs, streamline its ...

Alibaba IPO priced at top of range, raises over USD 21 bln

19 Sep 2014 09:28 CET | World
Alibaba Group has priced its initial public offering at USD 68 per share, at the top end of the USD 66-68 range it gave, the ...

Ellison steps down as CEO, becomes chairman of Oracle

19 Sep 2014 09:09 CET | World
Oracle said it has appointed founder and CEO Larry Ellison its new executive chairman and CTO. Jeff Henley, who has served as ...

Frontier announces new management appointments

19 Sep 2014 19:09 CET | United States
Frontier Communications has announced that Eric Barie, currently vice president of marketing for Frontier's Central Region, has ...

Taiwan regulator OKs Taiwan Star, Vibo merger

19 Sep 2014 19:01 CET | Taiwan, Province of China
Taiwanese telecoms regulator, the National Communications Commission (NCC), has approved the merger between Vibo Telecom and ...
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