Telefonica makes first payment to PT for Vivo
Telefonica has paid EUR4.5 billion to Portugal Telecom as the first instalment of its EUR7.5 billion acquisition of Brazilian affiliate Vivo, Reuters says.
ZTE supplies Vivo with more devices
ZTE today announced the launch of two new handsets to the Brazilian market with operator partner Vivo.
Brazilian unit lifts profits at PT
Portugal Telecom has reported an 83 percent rise in its second-quarter profits to EUR164.2 million as higher revenues from Brazil offset weakness in its home market.
Telefonica to buy Vivo from Portugal Telecom
Telefonica appears to have finally clinched a deal with Portugal Telecom (PT) to buy it out of their Brazilian mobile phone joint venture, Vivo, for a reported EUR7.5 billion. Telefonica plans to acquire the remaining 50 percent of Brasilcel, the joint-owned holding company for Vivo, which controls 60 percent of Vivo (Brazil’s largest mobile operator).
Telefonica to continue Vivo fight
Telefonica has pulled the plug on a deal with Portugal Telecom (PT) to buy it out of their Brazilian mobile phone joint venture and may now launch a more hostile attempt to seek control of Vivo.
EU rules PTs golden shares unlawful
Telefonica has been handed a boost in its efforts to buy Portugal Telecom (PT) out of Vivo, their Brazilian mobile phone joint venture, following news that attempts by the Portugese government to block the deal are illegal.
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
