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Telefonica Brasil approves capital increase to purchase GVT

Monday 10 November 2014 | 12:55 CET | News
Telefonica Brasil has approved a capital increase for the purchase of GVT, according to a company statement to the Securities Market Commission. The company held an extraordinary general meeting to approve the increase in authorized capital. With this, the bylaws of the company were changed to increase the maximum from 1.350 billion shares to 1.850 billion shares. The company agreed with GVT parent Vivendi to purchase the Brazilian operator for EUR 7.7 billion in September.

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Categories: Fixed
Companies: GVT / Telefonica Brasil / Vivendi
Countries: Brazil
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