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Broadband

Two bidders in the running for Brazil's GVT - report

Tuesday 5 February 2013 | 09:54 CET | News
Two bidders are in the race for the takeover of Brazilian operator GVT, reported local daily Valor Economico, citing sources familiar to the matter. These are US-based DTH operator DirecTV, which operates in Brazil under the brand name Sky Brasil, and a consortium formed by private equity fund KKR, the asset manager Gavea and the Cambuhy boutique investment bank. According to the same sources, the private equity fund Apax has walked out of the negotiations. BTG Pactual had already left the race, as the paper reported in mid-January. The submission of binding bids was rescheduled for the end

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Categories: Fixed
Companies: DirecTV / GVT / Sky Brasil
Countries: Brazil
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