Vivendi seeks GVT purchase; reveals IPTV plans

25 Sep 2009

French communications and entertainment group Vivendi will next week submit an application to Brazil’s national telecoms regulator Anatel, requesting permission to acquire control of Brazilian telco Global Village Telecom (GVT). In addition, the new owner is looking to introduce IPTV services in Brazil upon completion of the deal. GVT president Amos Genish is reported as saying: ‘We will expand more rapidly into new cities and add more value,’ he said, referring to new services such as IPTV and mobile telephony. Earlier this month, Vivendi launched an amicable tender offer for 100% of GVT’s share capital – valuing the deal at BRL5.4 billion (USD2.9 billion). The Brazilian telco is a leading provider of broadband internet access and voice telephony services in the country. The takeover bid is Vivendi’s latest move to ramp up its presence in emerging markets: last month it ended talks to buy a majority stake in the African telecoms unit of Kuwati telecoms company Zain.

Brazil, Global Village Telecom (GVT)