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VIV Telefonica Brasil SA

8.86
0.01 (0.11%)
25 May 2024 - Closed
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
  0.01 0.11% 8.86 9.01 8.84 9.01 695,720 01:00:00

Telefonica Sees Up To EUR4.2 Billion Synergies From Brazil Operations Merger

01/10/2010 5:27pm

Dow Jones News


Telefonica Brasil (NYSE:VIV)
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Spanish telecommunications giant Telefonica SA (TEF) said Friday it forecasts between EUR3.3 billion and EUR4.2 billion in synergies from merging mobile company Vivo Participacoes SA (VIV) and its fixed-line company Telecomunicacoes de Sao Paolo S/A (TSP), or Telesp.

Telefonica in July agreed to pay EUR7.5 billion to take over Vivo, as the company looks to increase its presence in the lucrative Brazilian market.

-By Jonathan House, Dow Jones Newswires; +34 91 395 8121; jonathan.house@dowjones.com

 
 

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