Vivendi, the French based entertainment and telecom firm, has announced it will further invest in Brazil’s telecom operator GVT Holdings according to Dow Jones.
The new Brazil investment in GVT gives Vivendi a 85.7 percent stake in the firm up from the 72.1 percent stake it held in December.
The Vivendi investment in Brazil’s GVT is a strategic move directed at the firms main rival in the Brazil telecommunications market Telefonica.
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