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
Brazilian ops to sign Chinese deals
Brazil’s largest telecom company, Oi, will sign a supply agreement with Huawei tomorrow.
Brazil’s big four operators prepare for fresh competition
Local regulator looks to stimulate market with new spectrum auctions and MVNOs
Ericsson takes mobile broadband to the Amazon
Ericsson has announced that more than 30,000 people in 175 Amazon villages will get access to e-health and e-education services through mobile broadband. The Swedish vendor and Vivo are part of a group that will bring mobile broadband connectivity to the Amazonian state of Pará in Brazil.
Vivo starts HSUPA network in 27 cities
Brazilian operator Vivo has launched HSUPA services on its 3G network, offering higher upload speeds, writes TelecomPaper.
Vivo revenues grow 21.4% year-on-year, 45.6M users
Telecompaper reports that Brazilian mobile operator Vivo’s net service revenue reached BRL3.6 billion (US$1.75 billion), up by 21.4 percent over the same quarter last year.
