Noticias de Telefónica
- The transaction is valued at 6,700 million euros and would generate important synergies for the Group.
Madrid, 5th of August, 2014.- Telefónica S.A. and Telefónica Brasil have submitted an offer to Vivendi for the combination of Telefónica Brasil and Global Village Telecom (GVT), which includes a cash consideration of 11,962 million Brazilian Reais and newly issued shares representing 12% of the share capital of the new Telefónica Brasil, after its combination with GVT.
Considering the current market price of Telefónica Brasil, the offer amounts to a total of 20,100 million Brazilian Reais (equivalent to 6,700 million euros at current exchange rates). The cash consideration would be financed via a capital increase at Telefónica Brasil subscribed by Telefónica S.A. in proportion to its current stake (74%), whose contribution will be funded, in turn, via a capital increase.
The offer envisages that, should Vivendi be interested in acquiring a stable stake in Telecom Italia, Telefónica could offer Vivendi the acquisition, in cash, of up to 1,110 million ordinary shares of Telecom Italia, currently representing a stake of 8,3% of the Telecom Italia voting share capital. The transfer of the shares would take place at closing of the transaction between Vivendi and Telefónica Brasil.
The offer is subject to obtaining the relevant regulatory authorizations and to the fulfillment of other customary conditions in this type of transaction. According to the terms of the offer, it expires on September 3, 2014, unless it is previously accepted by Vivendi, S.A., or if bidders decide to extend the Offer’s validity period.
Vivo, commercial brand of Telefónica in Brazil, is the leader operator in the mobile wireless market and leading broadband services provider in the city of Sao Paulo. GVT is the most successful and fastest growing alternative operator in Brazil. A combination of Vivo and GVT would create the largest telecom operator in Latin America’s largest market, providing a unique platform for the generation of synergies and value creation.
This offer underlines Telefónica’s commitment to Brazil, a country where the Group has been making strong investments to consolidate the growth of the telecommunication market.
Considering the current market price of Telefónica Brasil, the offer amounts to a total of 20,100 million Brazilian Reais (equivalent to 6,700 million euros at current exchange rates). The cash consideration would be financed via a capital increase at Telefónica Brasil subscribed by Telefónica S.A. in proportion to its current stake (74%), whose contribution will be funded, in turn, via a capital increase.
The offer envisages that, should Vivendi be interested in acquiring a stable stake in Telecom Italia, Telefónica could offer Vivendi the acquisition, in cash, of up to 1,110 million ordinary shares of Telecom Italia, currently representing a stake of 8,3% of the Telecom Italia voting share capital. The transfer of the shares would take place at closing of the transaction between Vivendi and Telefónica Brasil.
The offer is subject to obtaining the relevant regulatory authorizations and to the fulfillment of other customary conditions in this type of transaction. According to the terms of the offer, it expires on September 3, 2014, unless it is previously accepted by Vivendi, S.A., or if bidders decide to extend the Offer’s validity period.
Vivo, commercial brand of Telefónica in Brazil, is the leader operator in the mobile wireless market and leading broadband services provider in the city of Sao Paulo. GVT is the most successful and fastest growing alternative operator in Brazil. A combination of Vivo and GVT would create the largest telecom operator in Latin America’s largest market, providing a unique platform for the generation of synergies and value creation.
This offer underlines Telefónica’s commitment to Brazil, a country where the Group has been making strong investments to consolidate the growth of the telecommunication market.
05/08/2014
Comentarios
Telefónica, uno de los primeros Operadores del mundo
Telefónica es una compañía sensible a los nuevos retos que exige la sociedad actual. Por eso ofrecemos los medios para facilitar la comunicación entre las personas, proporcionándoles la tecnología más segura y de vanguardia, para que vivan mejor y consigan lo que se propongan. Un espíritu innovador, atento y con un inmenso potencial tecnológico que multiplica la capacidad de elegir de sus más de 327 millones de clientes en 21 países. Una empresa totalmente privada que cuenta con más de un millón y medio de accionistas y cotiza en varios de los principales mercados bursátiles del mundo. NUESTRA VISIÓN La vida digital es la vida, y la tecnología forma parte esencial del ser humano. Queremos crear, proteger e impulsar las conexiones de la vida para que las personas elijan un mundo de posibilidades infinitas. En Telefónica creemos que la tecnología forma parte de la vida de todos. Hoy, la conectividad no sirve sólo para relacionarnos, es esencial para nuestra vida personal y laboral. Nuestro papel es facilitarte el disfrute de la conexión, salvaguardando el uso de tus datos y dándote el control de tu vida digital. Queremos ser una ONLIFE TELCO, una telco para las personas, una telco para tu vida.
Últimos apuntes
Conozca Telefónica
Enlaces
Tendencias 21 (Madrid). ISSN 2174-6850