Deals
Telecom Italia Mulls Proposing Vivendi Alliance
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Telecom Italia SpA is considering proposing an alliance to Vivendi SA that would involve merging the companies’ Brazilian units, an offer that would compete with Telefonica SA’s bid for Vivendi’s GVT business.
The Italian phone carrier said yesterday it is studying whether to suggest an “industrial combination” to the French company, including joining Tim Participacoes SA and GVT. It said no offer has been finalized or made. Bloomberg News reported last week that Milan-based Telecom Italia had approached Vivendi.