Disqus
Vivendi SA, owner of France’s mobile operator SFR, will offer 2 billion EUR (about $2.9 billion) to acquire Brazilian Internet and telecommunications company GVT SA. According to the French media and entertainment company, GVT’s controlling shareholders, Swarth Group and Global Village Telecom, have agreed to sell at least 20% of GVT to Vivendi for 42 reals ($22.9) a share. Once that is completed, Vivendi will launch a public tender offer for the rest of GVT’s shares by the end of the year.
For the record, with annual sales growth of 31.1% between 2006 and 2008, GVT is Brazil’s fastest-growing telecommunications service provider. GVT made sales in the fiscal year ending June 30 of about 1.5 billion Brazilian reals ($800 million) and had about 2.3 million lines in service at the end of June…
[Via: CellularNews]
About The Author
Dusan Belic
Dusan has been using smartphones since their introduction and is now following the latest trends in the industry. The "convergence" is what he's most excited about, and writing about it is the next logical thing to do. He thinks that using a smartphone is what everyone who cares about their time should do. In addition to his interests in mobile phones, Dusan also loves to experiment with the latest web and mobile 2.0 services. The idea of accessing and managing your information from any device no matter where you are simply amazes him. Whether it's an online to-do list, note taking service or a video sharing social network, he's there to try it out. He admits though, he's still searching for the ultimate web-based organizational tool, which "sings" perfectly with the mobile PIM application. Dusan used to run SymbianWatch.com which later became part of IntoMobile. He lives in Serbia, South-East Europe, from where he edits the site on a daily basis.
