Swarth snaps up 9.4% of GVT common shares

5 Apr 2007

Brazilian telco Global Village Telecom (GVT) has revealed that 9.4% of its common shares have been acquired by US-based company Swarth. The investment company purchased ABN Amro’s 11.9 million common shares in GVT, which recently raised BRL1.08 billion (USD505 million) in an IPO. According to BNamericas, GVT operates in over 60 cities in the country’s central-southern region and in part of the northern region. The operator also covers the cities of São Paulo, Rio de Janeiro and Belo Horizonte, where it serves the corporate market and provides internet services.

Brazil, Global Village Telecom (GVT)