NEWS
Tags: 

Vivendi sells GVT to Telefonica

The French media company Vivendi has agreed to sell GVT, its wholly-owned Brazilian subsidiary, to the Spanish telecoms business Telefonica.

The agreement, signed yesterday, includes a payment of €4.66 billion in cash, from which a bank debt of around €450 million and adjustments in working capital will be deducted. Vivendi will also receive 7.4 per cent of Telefonica Brasil shares, at a stock market value of €2.02 billion , and 5.7 per cent of Telecom Italia shares.

The final agreement is subject to certain conditions, including the approval by the relevant regulatory authorities, notably Anatel (Telecommunications) and Cade (Competition) in Brazil. The closing of the transaction should take place before the end of the first half of 2015.

Twitter icon
Facebook icon
Google icon
StumbleUpon icon
Digg icon
LinkedIn icon
Reddit icon
e-mail icon
Feature

Oleg Khaykin, CEO of Viavi Solutions, speaks candidly to Fibre Systems about how to compete in the challenging world of communications test and measurement

Feature

Hao Dong describes how innovative optical fibres and cabling could provide substantial benefits for connecting data centres across a wide range of distances

Feature

Richard Ednay considers whether fibre characterisation needs to be modified to suit modern optical communication systems that are likely to include coherent transmission

Feature

ECOC is the place to be to discover the latest technological and commercial innovations in optical components and networks. Here we highlight some of the exhibitors and events taking place in the exhibition hall.