Thursday, August 28, 2014

Vivendi to sell Brazil unit to Telefonica for $9.83 billion

Vivendi SA  VIVEF -0.30% , the French company behind Universal Music, said Thursday it would start exclusive talks to sell its Brazilian mobile phone unit GVT to Spain’s Telefonica SA for $9.83 billion.

The move will essentially complete Vivendi’s exit from the telecoms business and raise cash for it to invest in the media and content business, which it has identified as its future priorities. It had already sold its French mobile network operator, SFR, for $23 billion in April, and completed the sale of its Moroccan operations in May.

Read full article

No comments:

Post a Comment

Postagens populares

New York Time

Copyright 2015 ©
Netvision SA and PlanetM
New York, New York, USA 10008
You can copy this content without permission but you must notify us via email.
Otherwise, it is illegal. All rights reserved worldwide
Operated by Carlos Vassallo

Visualizações de página do mês passado