0
General

Green light for second phase of GVT purchase by Telefonica

Tuesday 21 April 2015 | 15:45 CET | News
Brazil's National Telecommunications Authority (Anatel) published in the Official Gazette the prior informed consent (called step 2) for the acquisition of GVT by Telefonica Brasil. The transaction includes the transfer of 12 percent of common shares and 0.7 percent of the preferred shares of Telefonica - which will be held by Vivendi - for 8.3 percent of the shares with voting rights held by Telefonica in the capital of Telecom Italia, marking the entry of Vivendi as shareholder of Telecom Italia.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Anatel / GVT / Telecom Italia / Telefonica / Telefonica Brasil / Vivendi
Countries: Brazil
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Brazil regulator confirms GVT-Telefonica merger conditions

Published 29 Jan 2016 17:05 CET | Brazil
Brazil's National Telecommunications Agency (Anatel) has finally given its approval to the acquisition of GVT by Telefonica, with ...

Vivendi becomes top Telecom Italia investor with 14.9% stake

Published 25 Jun 2015 08:38 CET | Italy
French media conglomerate Vivendi has increased its stake in Telecom Italia to 14.9 percent and replaced Telefonica as the ...

Telefonica Brasil shareholders approve GVT acquisition

Published 29 May 2015 10:12 CET | Brazil
Telefonica has announced that the shareholders of its Brazilian unit have approved the purchase of broadband provider GVT from ...

Telecom Italia open to foreign investors – chairman

Published 20 May 2015 15:31 CET | Italy
Telecom Italia's chairman Giuseppe Recchi has emphasised that the operator remains open to the involvement of foreign investors ...

Telefonica Brasil improves sales growth to 4.3% in Q1

Published 13 May 2015 16:50 CET | Brazil
Telefonica Brasil said it had its best quarter in three years in Q1, with revenues up 4.3 percent year-on-year to BRL 9.983 ...

GVT buy gives Telefonica 100 mln clients in Brazil - CEO

Published 04 May 2015 10:21 CET | Brazil
Telefonica's EUR 7.2 billion purchase of Brazilian broadband operator GVT from Vivendi will give the Spanish company access to ...

Telefonica Brasil approves share offering price

Published 28 Apr 2015 22:47 CET | Brazil
Telefonica Brasil said its board had approved a share offering priced at BRL 38.47 for common shares and BRL 47.00 for preferred ...

Brazil antitrust regulator clears Telefonica GVT takeover

Published 26 Mar 2015 09:20 CET | Brazil
Brazil's Administrative Council for Economic Defence (Cade) has approved, with restrictions, Telefonica's acquisition of ...

Telefonica announces EUR 3 bln share issue for GVT purchase

Published 26 Mar 2015 08:53 CET | Brazil
Telefonica has announced a capital hike of around EUR 3.05 billion to part fund its EUR 7.2 billion purchase of Brazilian ...

Telecom Italia proposes changes to bylaws

Published 20 Mar 2015 10:40 CET | Italy
Telecom Italia has announced that a proposal to change some of its bylaws will be included on the agenda of its 20 May ...