Brasilcel

Telefonica bid for Vivo derailed

Spanish and Latin American carrier Telefónica has seen its designs on Brazil trashed after the Portuguese government blocked the acquisition of Portugal Telecom’s stake in Vivo.

Telefonica cannot block Vivo dividends says PT

Portugal Telecom has denied that Telefonica is able to block dividends from the two operators’ Brazilian joint venture Vivo as analysts warn that the Portugese incumbent cannot afford to lose its presence in the high growth Brazilian market.

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