Brazilian antitrust regulators have given their approval to French media and telecoms company Vivendi’s acquisition of GVT Holding, the holding company of fixed-line operator Global Village Telecom.
This approval by the Conselho Administrativo de Defesa…
Brazilian antitrust regulators have given their approval to French media and telecoms company Vivendi’s acquisition of GVT Holding, the holding company of fixed-line operator Global Village Telecom.
This approval by the Conselho Administrativo de Defesa Economica (CADE) comes a month after a similar decision by Brazil’s telecoms regulator, finally closing the long-running deal.
Vivendi gained control of GVT in 2009 and later increased its stake to 99.2% in April 2010 with an acquisition of 16.6 million additional shares for R$967m (US$582m).
