Shares for Brazilian communications group GVT (Holding) SA have surged to a record high on the Sao Paulo bourse amid speculation that Vivendi plans to up its bid for the firm and trump the USD3.7 billion counter offer made by Telefonica of Spain. Shares in GVT, which is controlled by Global Village Telecom (Holland) BV and Swarth Group, rose 4.4% to BRL48.75 each, surpassing the BRL48 share price offer submitted earlier by Telefonica’s Brazilian unit Telecomunicacoes de Sao Paulo.
Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.
Filter CommsUpdate by the following categories or use the search.
Visit our help page information on performing advanced searches, including how to restrict the results by country or company.
CommsUpdate is an outstanding advertising venue for companies seeking to reach:
- International carriers
- Wholesale service providers
- Equipment and software vendors
- Telecom investors