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Internet

Vivendi receives four offers over EUR 6 bln for GVT - report

Thursday 29 November 2012 | 10:17 CET | News
Vivendi has received four non-binding offers over EUR 6 billion for Brazilian broadband operator GVT, people familiar with the matter told Reuters. The offers were submitted by Mexico's America Movil, US satellite group DirecTV, US cable group Liberty Global, and a consortium of private equity companies. The four bids are all lower than the EUR 7 billion that sources previously told the news agency Vivendi was aiming to raise from the sale. While Vivendi received more than four offers initially, it has reportedly kept four for the next round of bidding. Final bids are expected to be submitted

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Categories: Internet
Companies: America Movil / DirecTV / GVT / Liberty Global / Maroc Telecom / Vivendi
Countries: Brazil
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