September 23, 2014 3:08 PM ET

Diversified Telecommunication Services

Company Overview of Global Village Telecom (Holding) S.A.

Company Overview

Global Village Telecom (Holding) S.A. provides telecommunications services. The company offers fixed-telephony long-distance, broadband, and Internet services. The company also provides dial-up access and broadband services, such as email, Web content and hosting, blogs, and photo-blogs. The company serves residential households, and small and medium enterprises. Global Village Telecom (Holding) S.A. has a joint venture with EchoStar Technologies L.L.C. to provide pay-TV services in Brazil. The company was formerly known as Global Village Telecom Ltda. and changed its name to Global Village Telecom (Holding) S.A. in February, 2007. The company was founded in 1998 and is based in Curitiba, Br...

Rua Lourenço Pinto, 299

13º andar

Curitiba, PR 80010-160

Brazil

Founded in 1998

5,238 Employees

Phone:

55 41 3025 9900

Fax:

55 41 3025 9922

Key Executives for Global Village Telecom (Holding) S.A.

Co-Founder
Age: 54
Chief Financial Officer
Age: 42
Vice President of Engineering and Operations
Chief Information Officer and Vice President of IT
General Counsel and Head of Human Resources
Age: 43
Compensation as of Fiscal Year 2014.

Global Village Telecom (Holding) S.A. Key Developments

Telefónica To Exit Telecom Italia

Telefónica, S.A. (CATS:TEF) plans to exit Telecom Italia S.p.A. (BIT:TIT) after finalization of the purchase of Global Village Telecom (Holding) S.A. from Vivendi Société Anonyme (ENXTPA:VIV). "After the GVT operation the message is clear, we don't want to stay in Telecom Italia," Telefónica, S.A.'s Chairman Cesar Alierta said. Telecom Italia S.p.A. declined to comment.

Vivendi Selects Telefónica For Talks Regarding GVT Sale

Vivendi Société Anonyme (ENXTPA:VIV) has selected Telefónica, S.A. (CATS:TEF) to enter into exclusive discussions regarding sale of Global Village Telecom (Holding) S.A. (GVT), spurning a bid from Telecom Italia S.p.A. (BIT:TIT). Telefonica seeks to fold GVT into Vivo. As per the deal, Vivendi will get €4.66 billion in cash from Telefonica and a 12% stake in the combined Vivo-GVT venture.

Update On GVT Sale Process

Vivendi Société Anonyme (ENXTPA:VIV) is in talks to sell Global Village Telecom (Holding) S.A. (GVT).According to people close to the matter, Goldman Sachs and Credit Suisse are acting as financial advisor for GVT. One person, seeking anonymity, added that discussions have been under way for more than two months. Telecom Italia S.p.A. (BIT:TIT) (TIT) said this week it’s considering proposing an alliance with GVT’s parent Vivendi, that would involve merging the companies’ Brazilian units, an offer that would compete with Telefonica SA (TEF)’s bid for GVT. Telecom Italia said recently that it is studying whether to suggest an ‘industrial combination’ to Vivendi, including joining TIM Participacoes S.A. (BOVESPA:TIMP3) with GVT. It said no offer has been finalized or made. Bloomberg News reported recently that Telecom Italia had approached Vivendi. Two people close to the matter stated that talks have taken place between Telecom Italia Chief Executive Officer, Marco Patuano and Vivendi Chairman, Vincent Bollore. The talks were already under way before Telefonica offered to buy GVT for €6.7 billion in August 2014. Folha de S.Paulo reported that Telecom Italia will offer to merge Tim and GVT, giving Vivendi an unspecified stake in the combined business plus a 20% stake in Telecom Italia, a deal valued at as much as €7 billion. The report added that press representatives for GVT, Goldman Sachs and Credit Suisse declined to comment while a spokesman said that Vivendi hasn’t hired any banks.

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