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Telecom Italia will make a bid valued at roughly 7 billion euros ($9.2 billion) for Vivendi’s Brazilian broadband unit GVT , which would leave Vivendi with a 15 to 20 percent stake in the Italian group. Telecom Italia is competing with Spain’s Telefonica for control of GVT, which sells high-end broadband and pay-TV packages to consumers in Brazil. Brazil is crucial for both Telefonica and Telecom Italia, because its market still has growth potential, especially in broadband and pay-TV, compared with the more mature market in Europe.

“Telecom Italia To Go Ahead With Bid For Vivendi’s GVT” is categorized as “business”. This video was licensed from Grab Networks. For additional video content, click the “video” tab at the top of this page.