Cable operators interested in Brazil’s GVT, report says

30 Nov 2012

A number of operators such as DirectTV, Liberty Global Inc and Mexico-based America Movil (AM) are reported to be eyeing a possible takeover of Global Village Telecom, the Brazilian alternative operator owned by Vivendi of France. With the French group keen to offload the asset to help refocus its business and reduce its debt pile, Zacks Equity Research claims that the aforementioned companies and other private equity firms have already hinted at a bid price of EUR6 billion (USD7.76 billion) for GVT. The Brazilian altnet is active in 136 cities across the country where it offers fixed telephony, broadband internet and VoIP to residential and business users. Earlier this month, TeleGeography’s CommsUpdate reported that another Brazilian telco, Oi SA, has also confirmed that it is interested in acquiring GVT. Vivendi hopes to raise at least EUR7 billion from the sale of its Brazilian fixed and broadband asset.

Brazil, America Movil (AM), Global Village Telecom (GVT), Liberty Global (incl. LGI), Oi