Spain’s Telefonica has reportedly further established itself as a media giant in a deal struck with France’s Vivendi to acquire telco assets in Brazil.
Reports say Vivendi will sell its telecommunications company GVT to Telefonica in a deal worth $9.3 billion in cash and stalk. The move, say reports, cements Telefonica’s global status as more than just a telecommunications firm; Telefonica Brasil is the nation’s top telco provider and holds 29 percent of the market, while GVT holds as 12 percent stake in the industry.
Telefonica will gain an established telco network throughout southern Brazil through the deal, reports say.
Vivendi and Telefonica first entered discussions about GVT in August.
Full content: The Street
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Uruguayan Antitrust Scrutiny Puts Major Meatpacking Deal Between Marfrig and Minerva on Hold
May 19, 2024 by
CPI
Alaska Airlines Seeks Dismissal of Consumer Lawsuit Over $1.9 Billion Hawaiian Airlines Buy
May 19, 2024 by
CPI
Idaho Attorney General Orders Split of Kootenai Health and Syringa Hospital
May 19, 2024 by
CPI
Court Rejects T-Mobile’s Appeal Bid in Antitrust Case Over Sprint Merger
May 19, 2024 by
CPI
Google Requests Judge, Not Jury, to Decide on Antitrust Case
May 19, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Ecosystems
May 9, 2024 by
CPI
Mapping Antitrust onto Digital Ecosystems
May 9, 2024 by
CPI
Ecosystems and Competition Law: A Law and Political Economy Approach
May 9, 2024 by
CPI
Ecosystem Theories of Harm: What is Beyond the Buzzword?
May 9, 2024 by
CPI
Open Ecosystems: Benefits, Challenges, and Implications for Antitrust
May 9, 2024 by
CPI