Now Reading:

Telefonica explores alternatives for Vivo


Telefonica explores alternatives for Vivo


Spain’s Telefonica is reportedly looking into forcing a breakup of its Brazilian mobile phone joint venture Vivo.

That move comes after Telefonica gave up on trying to buy out its partner Portugal Telecom.

A 7.15 billion euro bid offer expired over the weekend.

A breakup of the joint venture could allow Telefonica to buy PT’s stake in Vivo on the Brazilian stock exchange.

Every story can be told in many ways: see the perspectives from Euronews journalists in our other language teams.

Next Article