Home › Telefonica to Pay $9.3B For Vivendi's Brazilian Telecom GVT
 

Keywords :   


Telefonica to Pay $9.3B For Vivendi's Brazilian Telecom GVT

2014-09-20 13:45:37| Telecom - Topix.net

PARIS -- France's Vivendi has agreed to sell Brazilian telecommunications unit GVT to Telefonica for about 7.24 billion euros in cash and stock, striking a final deal in a two-year disposal program that has taken in more than $40 billion and transformed the former telecommunications giant into a media company. Spain's Telefonica will pay 4.66 million euros in cash, hand Vivendi a 7.4% stake, worth about 2.02 billion euros, in its Telefonica Brasil unit and a further 5.7% stake, worth about 1.01 billion euros, in Telecom Italia SpA.

Tags: pay telecom brazilian telefonica

Category:Telecommunications

Latest from this category

All news
»
20.04This Week in Agribusiness, April 20, 2024
20.04This Week in Agribusiness, April 20, 2024
20.04App to cut EU border queues won't be ready in time
19.04PPG Board of Directors Announce Quarterly Dividend of 65 Cents Per Share
19.04Can AI help solve Japans labour shortages?
19.04 PPG Board of Directors Authorizes $2.5 Billion Share Repurchase Program
19.04Warning jailed bankers ruling could hit loan rate
19.04NFU Statement on EPA E15 Announcement
More »