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General

Anatel approves second phase of Telefonica's takeover of GVT

Friday 13 March 2015 | 11:48 CET | News

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Brazil's National Telecommunications Agency (Anatel) has granted conditional approval for the transfer of shares between Vivendi and Telefonica, the second stage of the latter's acquisition of broadband operator GVT. Specifically, the regulator gave the go ahead for Telefonica to transfer 8.3 percent of its Telecom Italia voting shares to Vivendi as part of the payment for GVT, as well as 11.3 percent of its preferential shares in Telefonica Brasil. In December the regulator approved the first stage of the transaction, a payment of EUR 4.66 billion in cash. Anatel also confirmed that the

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Categories: General
Companies: Anatel / GVT / Intelig / Telecom Italia / Telefonica / Telefonica Brasil / Vivendi
Countries: Brazil / Italy
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