French media and communications group Vivendi has hired the investment banking divisions of Rothschild and Deutsche Bank to review the strategic options for its Brazilian telecoms unit Global Village Telecom (GVT), Reuters cites an unnamed source with knowledge of the matter as saying. The unconfirmed report claims that the French group is reviewing GVT’s operational structure to hopefully reverse a 29% decline in its share price since January last year, amid continuing rumours Vivendi could look to sell off units or break up the business entirely
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OVETEL Vivendi hires banks to assess options for Brazilian asset GVT
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