Vivendi strikes definitive agreement to sell GVT

Vivendi has struck a definitive agreement to sell its Brazilian unit GVT to Telefónica that will also see the French media group take a stake in Telecom Italia. The deal, signed yesterday, will see Vivendi receive €4.66 billion in cash, from which a bank debt of around €450 million and adjustments in working capital will […]

SES expanding in Brazil with two new orbital slots

Satellite operator SES’s Brazilian subsidiary SES DTH do Brasil has secured frequency rights at two new orbital positions – 48° West and 64° West – following an auction organised by Brazilian telecoms regulator Anatel.  SES now has four years to make capacity available at 48° West and six years to make capacity available at 64°. […]