BUZZ-TIM Participacoes SA: Telefonica bids for rival GVT

martes 5 de agosto de 2014 12:56 GYT
 

** Brazilian telecom company's U.S.-listed shares down 8 pct at $25.02

** Telefonica SA offers cash and new shares worth a combined 6.7 billion euros ($9 billion) for Brazilian broadband provider GVT SA, owned by Vivendi SA

** TIM Participacoes had been floated as a potential merger partner for GVT