An official at Brazilian antitrust watchdog Cade said on Wednesday that Telefonica SA had offered to sell its stake in Telecom Italia SpA within 4 months of signing an accord with the agency.
Telefonica and its Brazilian unit are awaiting Cade approval before they carry out a share offering to pay for the 7.2 billion-euro ($7.79 billion) acquisition of Vivendi SA’s broadband unit GVT.
Full Content: The Wall Street Journal
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