Telefónica wants wide band Brazilian Vivendi (GVT), but Telecom Italia has a plan to keep her out of the operation according to sources cited by Bloomberg.
The Italians prepare an offer is to pay 7,000 million euros by swallowing it. However, to seduce the French who control expect them to be at tray 20% stake in the transalpine multinational and a stake in the company arising from combining subsidiary of Vivendi, which already owns Telecom Italia on country carioca .
Reuters this month and confirmed that there were talks between the two media giants overlooking exceed 6,700 million offering Telefónica. If it is confirmed that have told Bloomberg anonymous sources, have beaten the mark of the Spanish multinational.
The complexity of the saga seems hard to beat. The company, headed by Cesar Alierta is not just a simple investor concerned, it is the largest shareholder of Telecom Italia and one of its main competitors in Brazil, a market especially coveted by major ‘telecoms’.
Although neither Italian nor French have made statements or issued official statements, multinational transalpine acknowledged last Thursday that it was considering the ‘industry mix’ between GVT and its subsidiary in the country carioca. Of course, one thing was studying to take the exam another (already made by subjecting the operation to its board of directors and its subsidiary) and an even more distinct seal an acquisition that the latest information from Bloomberg located closer than few days ago. The bid could be formalized in late August.
The activity suggests that firms may be moving precipitating events. The CEO of Telecom Italia, Marco Patuano, met with the president of Vivendi, Vincent Bollore, on Wednesday to negotiate the potential alliance, according to two sources cited by Reuters with knowledge of the situation. If negotiations are successfully concluded, it would not be a soap opera ends with a happy ending for Telefónica.
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