Telecom confirms hypothesis bid for the Brazilian Gvt – Il Sole 24 Ore

Telecom confirms hypothesis bid for the Brazilian Gvt – Il Sole 24 Ore

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This article was published on 18 August 2014 at 10:43.
The last change is the 18 August 2014 at 10:47.

“In regard to the numerous news reports about an alleged interest in the Group’s acquisition of the Italian Telecom Brazilian company GVT SA, Telecom Italy confirms that analysis is underway about the opportunity ‘to present to Vivendi SA (Parent company of GVT) an offer of industrial combinations, which would include the integration of the activities’ of the two Brazilian groups. ” This was announced by the company. “Telecom Italian – is still written in a note – specifies that no offer ‘was finalized today and that any decision to proceed with the operation and’ subject to the approval of the governing bodies of Telecom Italy and TimPart, which does not have been summoned. ”

In the stock market, in a morning strongly oriented upward for the full list of Milan, stands out against the trend of Telecom Italy that remains stationary on the values ​​of Friday ‘last year to 0.81 euro. For the Italian telecommunications group just started the week is an important time for strategic reflection in view of the meeting of the board scheduled for the last week of August and that could lead to important developments about the game on Tim Brasil. Indeed, it seems more and more ‘likely, as mentioned, that Vivendi Telecom Italy has to offer in the 20% of its shares in exchange for Gvt, the Brazilian operator of fixed telephony and Internet conglomerate controlled by the French media.

With 20% of Italian Telecom, Vivendi would become the largest shareholder of Telecom Italy: according to operators, if the input of the group led by Bollore ‘avverebbe through a reserved capital increase. Vivendi also would maintain a direct participation in Gvt, which would

be merged with Tim Brasil Telecom and siglerebbe with a strategic partnership for the distribution of content, a crucial point for the trans group that controls the pay-TV Canal + and Universal Music. The board of Vivendi and ‘now offer rival Telefonica offering $ 4 billion in cash and 12% of Teleconica Brasil, for a total value of 6.7 billion. This offer does not seem for the moment to have made inroads but the fact that Telefonica provides an important part in cash could force, according to some analysts, Telecom Italy itself having to include in the proposal a share in cash. But the market also fears a further revival of the Spanish Telecom which could lead in turn to raise the post

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