Telefónica has announced the creation of a standalone fibre wholesale network in Brazil. Called FiBrasil Infraestrutura e Fibra Ótica SA (FiBrasil), the business will be operated as a 50-50 joint venture with global investment group Caisse de dépôt et placement du Québec (CDPQ), which is investing a total of R$1.8 billion. Half of Telefónica’s stake […]
A number of top telcos have launched a joint offer for bankrupt Brazilian operator’s Oi mobile unit. According to filings from Saturday, TIM Participacoes, Telefonica Brasil and America Movil SAB de CV have offered to buy the unit, though terms have not been disclosed. Reuters adds that the companies have asked for the right to […]
Vivendi has hired former Telefónica Brasil CEO Amos Genish in the new role of chief convergence officer. Genish will be charged with overseeing the group’s convergence strategy between content, platforms and technology. Genish will be based in Paris and London. Genish has previously worked for Vivendi in his role as founder and CEO of Brazilian […]
Vivendi and Telefónica have completed their exchange of shares, enabling the French media giant to enter Telefonica’s ownership. Vivendi has sold 58.4 million preferential shares to Telefónica Brasil to Telefónica, representiting 3.5% of the shares of the Brazilian unit, in exchange for 46 million shares in Telefónica. Separately, Vivendi is looking for additional opportunities to […]
Vivendi has decided to enter into exclusive negotiations with Telefónica for the sale of its Brazilian subsdiary GVT following the submission of an improved €7.45 billion offer by the Spanish telco yesterday. Telefónica has offered €4.663 billion in cash and a 12% stake in Telefónica Brasil. Vivendi will have the option to exchange about one […]
