Hints and tips:
...Most recently, it sold GVT, its Brazilian unit. Yet under the leadership of Vincent Bolloré, Vivendi has started to re-evaluate its option....
...Telecom Italia’s Brazilian unit became an acquisition target last month after its bid for GVT, the Brazilian unit of France’s Vivendi, collapsed....
...In an interview with the FT last year, the 62-year-old Mr Bolloré, charming and intense in equal measure, made it clear that a sale of GVT was no longer part of the plan....
...And into the “work in progress” box goes a potential deal for GVT, Vivendi’s Brazilian telecoms business. Telefónica has made a €6.7bn offer for it. Telecom Italia is also interested....
...Telefónica plans to fold GVT into its existing Brazilian mobile business Vivo, already the country’s wireless market leader, setting the Spanish group up to be the dominant telecoms operator in Brazil....
...It also slightly reduced its earnings forecasts for Canal Plus, its pay-TV division, and scaled back revenue forecasts for GVT, its Brazilian fixed-line telecoms group....
...A sale process for GVT got nowhere earlier this year, but it is likely to return. A separation from SFR is the bigger prize and a feasibility study is under way....
...But, until Tuesday’s announcement, investors had seen little change, and the company’s attempts to sell assets, including GVT, the Brazilian telecoms company, have so far failed to materialise....
...Vivendi rallied after Brazilian media reported the French media and telecoms group was closing in on a deal to sell a stake in GVT, its Brazilian telecoms unit....
...Last March, the group suspended the sale of GVT, its fast-growing Brazilian fixed-line telecoms company, after bidders failed to meet price expectations....
...After failed attempts to sell Activision and GVT, its Brazilian telecoms company, it is in talks to sell Maroc Telecom to Etisalat and has been examining ways to extract cash from Activision....
...As Bernstein Research analyst Robin Bienenstock says: Purchasing Vodafone rump and TIM Brasil + GVT would get them there....
...a reasonable price for GVT....
...GVT offers are said to have come in under €6bn, compared with the €7bn management would like....
...(Financial Times) Vivendi may put GVT sale on hold after low bids: France’s Vivendi SA could put the sale of its Brazilian phone and broadband Internet company GVT SA on hold as bids are coming short of...
...Since announcing a strategic review last year, it has tried to sell GVT, its Brazilian telecoms business, and examined options including a spin-off for SFR, France’s second-largest mobile operator, as it...
...The company is examining the possible sale or spin-off of its three telecoms companies: SFR, Morocco’s Maroc Telecom and Brazil’s GVT....
...Telecom Italia, Italy’s largest telecoms company by revenues, received a fillip after Mr Sawiris pledged to underwrite an equity raising that would allow it to pay down debt and fund an acquisition of GVT...
...Vivendi has also engaged bankers to examine a possible sale of GVT, its Brazilian fixed-line telephone company, and its controlling stake in Maroc Telecom, Morocco’s biggest telecoms operator....
...GVT has attracted potential buyers including Spain’s Telefónica and DirecTV. All parties declined to comment....
...Selling interests in Maroc Telecom or GVT might be more feasible near-term, but neither looks easy....
...Vivendi has hired bankers to examine ways of raising money from assets such as Activision and GVT, while Maroc Telecom is another candidate....
...DirecTV, the satellite television operator, declined 1.4 per cent to $53.44 as a Bloomberg report said it was among several companies considering a bid for GVT, a Brazilian phone operator....
...The company has, however, engaged bankers to explore ways of raising money from assets such as Activision and GVT, a fast-growing Brazilian fixed-line telecoms operator....
...That leaves telecoms businesses GVT and Maroc Telecom, both with long-term potential. Dismal share price performance and a dividend cut are rightly pressurising management....
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