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 plans $3.3B rights issue after Brazil subsidiary gets GVT go-ahead

Cade, Brazil’s competition watchdog, granted Telefonica Brasil conditional approval to buy broadband provider GVT, which was quickly followed by an announcement from parent company Telefonica Group that it will sell new shares to existing shareholders in order to raise €3 …

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Telefonica moves on Brazilian ISP GVT

Telefónica and its Brazilian subsidiary on Tuesday submitted an offer to merge with Brazilian ISP Global Village Telecom (GVT) for around €6.7bn and a 12 per cent stake in the share capital of the new entity. GVT is owned by French conglomerate Vivendi.