BY ALASTAIR STEWART SAO PAULO -- Spain's Telefónica SA on Wednesday raised its bid for Brazilian telecommunications operator GVT Holding S/A, clearly signaling to rival suitors such as France's Vivendi SA that it is determined...
[read full story]
Telefonica's new bid could turn Shaul Shani into an Israeli billionaire. The bidding war for Brazilian communications provider GVT Holding SA (Bovespa: GVTT3), controlled by Shaul Shani, is heating up. Telefonica SA's (NYSE;...
Spanish telecoms heavyweight Telefonica yesterday increased its offer for Brazil’s Global Village Telecom (GVT) by 5.2%, in a move designed to trump a potential counterbid by French media conglomerate Vivendi and complete a...
Telefónica Raises GVT Bid Telefónica raised its bid for Brazilian telecommunications operator GVT, clearly signaling to rival suitors such as France's Vivendi that it is determined to get the asset.
Spanish telecommunications company Telefonica raised its offer for Brazilian rival GVT on Wednesday by 5.2 percent, seeking to trump a potential counteroffer by French media group Vivendi and seal a deal by the end of the month.
By Guillermo Parra-Bernal SAO PAULO (Reuters) - Shareholders of Brazilian telecom carrier GVT on Tuesday unanimously removed a poison pill clause that was an obstacle to a merger by making takeover bids too costly. The...