Telecom Italia said it is to discuss on Friday a proposal from Fintech to extend the agreement to sell the Italian operator's controlling stake in Telecom Argentina to the investment company. Meanwhile reports emerged this week that Sol Trujillo is seeking to raise up to €7.5 billion ($9.6 billion) to bid for a stake in the Italian operator.
Telefónica agreed to acquire Vivendi's Brazilian broadband business GVT for just over €7 billion ($9 billion) in cash and stocks, following three weeks of exclusive negotiations.
Telecom Italia has valued its 67 per cent stake in TIM Brasil at around €13 billion ($16.8 billion), amid reports that Brazilian operators Oi and America Movil are closing in on the Italian company's unit.
Telecom Italia indicated that it might reconsider the planned sale of its stake in Telecom Argentina if the government there takes too long to approve the deal.
Wind is reportedly moving ahead with a deal that would see the VimpelCom-owned Italian operator sell and lease back 11,000 mobile masts in order to cut debt, after talks with Hutchison Whampoa-owned rival Three Italy hit a road bump.
Telecom Italia is at something of a crossroads in Brazil, as the company considers how to proceed following the failure so far of its plan to buy Vivendi's Brazilian broadband unit GVT and merge it with TIM Brasil.
Vivendi confirmed on Thursday it has entered into exclusive negotiations with Telefónica on the Spanish company's offer to buy its Brazilian broadband unit Global Village Telecom (GVT), in a blow to Telecom Italia.
Vivendi confirmed it has received binding offers for its Brazilian subsidiary Global Village Telecom (GVT) from both Telecom Italia and Telefónica, marking the official start of a bidding war in Brazil between the two European telecoms heavyweights.
Telefónica and Telecom Italia are reportedly gearing up for a bidding war in Brazil, with both operators preparing to go head to head over Vivendi-owned broadband provider Global Village Telecom (GVT). At the same time, Brazilian operator Oi is understood to be considering a bid for an $8 billion (€6 billion) stake in rival operator TIM Brasil.
Vodafone agreed to acquire 72.7 per cent of Greek broadband provider Hellas Online for €72.7 million in cash, in a move that further extends the UK-based operator's strategy to buy up fixed network assets in markets where it already provides mobile services.