Vivendi board give okay for GVT bid

20 Oct 2009

The board of French telecoms and media conglomerate Vivendi yesterday approved a proposal to proceed with an offer to buy Brazilian fixed line and internet provider Global Village Telecom (GVT), Reuters quotes the Brazilians as saying. Although Vivendi has declined to comment publicly on the announcement, GVT says it is waiting to hear if Vivendi will formalise its offer and what the terms will be.

Brazil, Global Village Telecom (GVT), Vivendi