Vivendi bids $2.9B for Brazilian carrier GVT to challenge Telefónica
French entertainment and telecom conglomerate Vivendi has prepared a $2.9 billion offer for Brazilian operator GVT. There are lots of hurdles to be cleared, Reuters reports. But the acquisition would be a challenge to Spain’s Telefónica in the largest market in Latin America. Reuters says don’t be surprised if Telefónica counterbids.
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About the Author, Paul Boutin
Paul wrote for VentureBeat until July 2010. To reach VentureBeat's current writers, email tips@venturebeat.com.
