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Brazil Regulator Recommends Approval Of Vivendi Buy Of GVT

SAO PAULO -(Dow Jones)- Brazilian telecommunications regulator Anatel on Thursday recommended approval of Vivendi SA's (VIV.FR) takeover of GVT Holding, which still has to be cleared by antitrust regulators. Anatel had previously cleared the way for the purchase of GVT, approving a takeover of the company by Vivendi or rival Telefonica SA (TEF), which at the time was making a bid for the Brazilian operator of broadband and fixed-line telephone networks. The analysis of the purchase by Vivendi now goes to Cade, as Brazil's antitrust regulator is known. The final approval may take some time, as the acquisition of Brasil Telecom by Tele Norte Leste Participacoes (TNE), or Oi, was approved only in October, two years after Oi acquired control of its rival. -By Paulo Winterstein, Dow Jones Newswires; 55-11-3544-7073;

Stock News for Tele Norte Lest (TNE)
03/20/201206:40:48Brazil February Mobile Phone Subscriptions Up 1% From Jan
02/16/201205:02:58Brazil January Mobile Phone Subscriptions Up 1.22% From December
01/26/201208:11:25Brazil's Telecoms Regulator Orders Reduction On Tariffs
01/17/201205:17:20Brazil Mobile Phone Subscriptions Rise 19.36% In 2011
12/20/201104:54:10Brazil November Mobile Phone Subscriptions Up 1.92% From October
10/21/201110:26:36Brazil Stocks Open Higher On Hopes For Plan By France, Germany
09/26/201111:12:16CORRECT: Brazil August Mobile Phone Subscriptions Up 1.67% From...
09/26/201108:41:15Brazil August Mobile Phone Subscriptions Up 1.67% From July
07/27/201110:05:24Brazil June Mobile Phone Subscriptions Rise 1.06% On Month
06/22/201106:54:30Brazil May Mobile Phone Subscriptions Rise 1.16% On Month -Report
06/03/201114:46:42Brazil Telephone Co Oi Appoints Francisco Valim As CEO
04/21/201107:24:00Brazil March Mobile Phone Subscriptions Rise 1.42% On Month
03/15/201119:39:24Brazil's Oi Reports 3% Stake In Portugal Telecom
03/04/201117:31:22Tele Norte Leste To Focus Growth On Mobile, Internet, Pay TV
02/18/201118:11:09Brazil Telco Oi To Sell $7.2 Billion In New Common, Preferred...
01/27/201111:56:10Brazil Regulator Recommends Approval Of Vivendi Buy Of GVT
01/26/201104:59:06Portugal Telecom Signs Deal For Minority Stake In Brazil's Oi
01/26/201104:47:49Brazil's Oi, Portugal Telecom Formalize Industrial Alliance
12/16/201014:05:54DirecTV Acquires Added 18.9% Stake In SKY Brasil For $604.8 Million
12/02/201013:18:39CORRECT: DirecTV Sees More Than 30 Million Subscribers By 2013

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