BRAZIL

摘要

French media group Vivendi announced yesterday that it has entered into exclusive talks to sell its Brazilian broadband, pay-TV and fixed telephony operator Global Village Telecom (GVT) to Telefonica for US$9.83 billion. The decision, which was taken after a brief board meeting to review offers on the table, puts the Spanish giant in the driving seat ahead of rival Telecom Italia (TI) which had entered into a bidding war for the Brazilian firm. With Telefonica presenting the highest offer for GVT, the French group issued a statement confirming that the three-month exclusive talks will now run until 28 November. The decision was easy: Telefonica's was clearly the better offer,' a person familiar with the matter is quoted as saying.