Telefonica Brazil raises $5.3B to fund GVT buy

Telefonica Brasil raised BRL16 billion ($5.3 billion) in a public offering that will push forward its ambitious plans for the country. The operator is raising finance to fund the acquisition of Brazilian broadband provider GVT from Vivendi, a deal agreed …

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Telefonica Brasil sets end-April date for share offering

Telefonica Brasil has published the prospectus for a new share offering due to take place on 28 April, with the proceeds earmarked to cover the acquisition of local broadband provider GVT. According to Reuters, the share sale has been delayed …

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Telefonica planning Brazil share sale after GVT deal

Telefonica Brasil said that it intends to make a public offering following its acquisition of broadband service provider GVT, which will be used to part-finance the acquisition. The company made a statement following local media reports, saying it had previously …

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Huawei, ZTE plan to join Ericsson with patent lawsuits — report

China’s Huawei and ZTE are reportedly preparing legal action against device vendors Xiaomi, Oppo and Bubugao for patent infringement. The two companies, better known for their telecoms network gear, had sent the companies a warning letter requesting royalty payments, Business Korea …

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China Watch: Possible patent trouble for smartphone makers, MVNOs start to take off & more

Mobile World Live’s Asia editor Joseph Waring provides a weekly update on developments in the world’s largest mobile market: China’s MVNOs start to take off The head of China Virtual Operators’ Industry Alliance said that the country’s MVNOs will sign …

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Ericsson wins smart city integration deal with Vivo

Sweden’s Ericsson has won a contract from Brazilian operator Vivo that will see the vendor manage the deployment of smart parking and lighting solutions as part of Vivo’s digital city project in São Paolo. Ericsson will partner with specialist providers as the project’s lead systems integrator and will assume responsibility for design, installation and deployment as well as post-deployment managed services, operations and maintenance.