Friday, 27 July 2007

UPDATE 2-Brazil's Vivo bids for two smaller rivals

(Reuters) - Brazilian business daily Gazeta Mercantil reported on
Friday that Vivo had agreed to buy Telemig and Amazonia for
about 3.5 billion reais . Telemig denied it had
been sold.




An acquisition of Telemig would give Vivo a much-coveted
foothold in Minas Gerais, the only state where it does not have
coverage.


Read more at Reuters.com Mergers News

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