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Vivo

Telefonica seeks EUR8B loan for Vivo bid, refinancing

Telefonica is seeking EUR8 billion of loan financing from around 20 banks to back its offer for Portugal Telecom’s stake in Brazilian mobile company Vivo, and refinance existing debt

Portugese government blocks Telefonicas Vivo bid

The Portugese government yesterday blocked Telefónica’s sweetened EUR7.15 billion offer to buy Portugal Telecom (PT) out of Vivo, their Brazilian mobile phone joint venture.

Telefonica raises offer for Brazil unit

Telefonica has raised its offer to buy Portugal Telecom (PT) out of its Brazilian mobile venture Vivo by 10 percent, a last-ditch attempt to woo PT shareholders ahead of today’s vote.

FT: Doubts cast over Telefonica disposal

Portugal Telecom yesterday cast doubt on whether Telefonica would succeed in its attempt to buy the Portuguese telecoms company out of their Brazilian mobile phone joint venture

Telefonica sells 8% stake in Portugal Telecom

Telefonica has taken a new approach in its effort to control Brazilian operator Vivo, selling most of its stake in Portugal Telecom due to fears it would not be allowed to vote on its own offer to buy the Portugese telecom company out of their Brazilian joint venture.

Portugal Telecom CEO dismisses Telefonica bid

Telefonica’s sweetened offer for Portugal Telecom’s indirect stake in Brazilian operator Vivo is still insufficient, Portugal Telecom chief executive Zeinal Bava said Tuesday

Telefonica hints at hostile takeover bid for PT

Spain’s Telefonica has stepped up pressure on Portugal Telecom (PT) – its joint-venture partner in Brazilian mobile operator Vivo – hinting that it could launch a hostile takeover of the Portuguese firm if it cannot persuade it to sell its stake in Vivo.

PT rejects buyout offer from Telefonica in Brazil

Portugal Telecom (PT) has reportedly rejected an unsolicited EUR5.7 billion (US$7.65 billion) bid from Spain’s Telefonica for its for stake in Vivo, the Brazilian mobile operator that is jointly owned by both firms.

ZTE and Vivo unveil low-cost Digital TV handset

Chinese vendor ZTE today announced the Brazilian launch of the new handset N290, a low-cost device with Digital TV.

Telefonica looks to combine Brazilian network assets

Spain’s Telefonica is to integrate its fixed-line and mobile networks in Brazil in a bid to revive the underperforming fixed-line arm, reports the Financial Times today. The Spanish group is to reportedly approach Portugal Telecom – its partner in local mobile firm, Vivo – over closer integration with its fixed-line arm, Telesp, which is struggling amid increasing competition