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VIV Telefonica Brasil SA

8.545
0.055 (0.65%)
Last Updated: 18:57:47
Delayed by 15 minutes
Name Symbol Market Type
Telefonica Brasil SA NYSE:VIV NYSE Depository Receipt
  Price Change % Change Price High Price Low Price Open Price Traded Last Trade
  0.055 0.65% 8.545 8.70 8.54 8.67 419,041 18:57:47

Brazil Antitrust Body Approves Telecom Italia-Telefonica Deal

28/04/2010 8:42pm

Dow Jones News


Telefonica Brasil (NYSE:VIV)
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Brazilian antitrust regulator Cade on Wednesday approved the 2007 purchase of control in Telecom Italia SpA (TI, TIT.MI) by a group led by Spain's Telefonica SA (TEF, TEF.MC).

The decision, which had long been anticipated, is dependent on the continued observance of an undertaking to keep Telecom Italia's local mobile telephone unit, TIM Participacoes SA (TSU, TCSL4.BR), and Telefonica's mobile unit, Vivo Participacoes SA (VIV, VIVO4.BR), running independently.

Brazilian telecom-industry regulator Anatel imposed the restriction in 2009.

-By Alastair Stewart, Dow Jones Newswires; 5511-3544-7072; alastair.stewart@dowjones.com

 
 

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