Paris-based media and telecoms conglomerate Vivendi’s recent acquisition of Brazilian telco Global Village Telecom (GVT) is reportedly being examined by the country’s regulatory authorities, even though the French firm has just upped its holding in the firm through private stock purchases. In a statement released on Monday, Brazil’s Securities and Exchange Commission, Comissao de Valores Mobiliarios (CVM), said Vivendi has so far failed to explain why it has not settled irrevocable options for an additional stake of 19.6% in GVT. Vivendi said its counterparty in the transaction is British investment fund Tyrus Capital. The statement read: ‘Research conducted by the CVM questions the capacity of Vivendi’s counterparties to honour the options contracts described in the (previous) filing.’ As part of its takeover of GVT, Vivendi signed an agreement with Tyrus to buy its 19.6% holding in the Brazilian telco. Although the French firm acquired a total of 8.52 million shares of GVT from Tyrus on 17 November, it has yet to purchase the remainder.