France’s Vivendi, which recently took control of Brazilian broadband operator GVT, is keeping an eye out for investment opportunities in the mobile sector in Brazil.
The group’s CEO Jean-Bernard Levy told the Financial Times that Vivendi would watch…
France’s Vivendi, which recently took control of Brazilian broadband operator GVT, is keeping an eye out for investment opportunities in the mobile sector in Brazil.
The group’s CEO Jean-Bernard Levy told the Financial Times that Vivendi would watch closely what is happening in the mobile market, although he has also stated that GVT, which also operates a fixed line network, was not dependent on a mobile arm for future success.
An obvious opportunity to add mobile to GVT’s portfolio of services could arrive later this year as Brazil’s regulator, Anatel, is considering an auction of radio spectrum that would enable nationwide mobile services.
Estimates suggest that the licence and subsequent rollout would cost Vivendi up to E2bn.
