Back to Search Start Over

Vivendi Tops Telefónica On GVT Bid.

Authors :
COLCHESTER, MAX
BENDER, RUTH
Source :
Wall Street Journal - Eastern Edition. 11/14/2009, Vol. 254 Issue 116, pB5. 0p.
Publication Year :
2009

Abstract

The article reports that Vivendi SA of France beat an offer of Telefónica SA of Spain for a majority stake in telecommunication operator Global Village Telecom (GVT) of Brazil. According to Vivendi, it had acquired 37.9% of GVT and had irrevocable options to purchase another 19.6% of the firm. Chief executive Jean-Bernard Levy of Vivendi mentions the plan of the company to be present in Brazil for the long term.

Subjects

Subjects :
*TENDER offers

Details

Language :
English
ISSN :
00999660
Volume :
254
Issue :
116
Database :
Academic Search Index
Journal :
Wall Street Journal - Eastern Edition
Publication Type :
News
Accession number :
45547028