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UPDATE 4-Telefonica prevails in battle for Vivendi's Brazil unit GVT

August 28, 2014

*Telefonica wins out with higher bid than Telecom Italia. PARIS, Aug 28- French media company Vivendi picked Telefonica for exclusive talks over the sale of its Brazilian broadband unit GVT, spurning a rival bid from Telecom Italia. Vivendi's decision deals a blow to Telecom Italia.

Source: http://www.cnbc.com/id/101954788
 
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