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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 |
Spanish telecommunications giant Telefonica SA (TEF) is planning to raise its bid for Portugal Telecom SA's (PT) half of the two company's Brazilian joint venture to between EUR5.9 billion to EUR6.8 billion, a person close to the situation said Tuesday.
Telefonica had previously offered EUR5.7 billion for PT's half of Brasilcel, a holding company that owns about 60% of Brazilian cell phone operator Vivo Participacoes SA (VIV), an offer which PT promptly rejected.
The person close to the situation who declined to be named said that Telefonica was in talks with key PT shareholders over a new offer price.
-By Jason Sinclair, Dow Jones Newswires; +34 628 278 718; jason.sinclair@dowjones.com
1 Year Telefonica Brasil Chart |
1 Month Telefonica Brasil Chart |
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