Cyrte Investments BV may have sold 330 million Brazilian reals ($187.2 million) in voting shares in leading Brazilian cellphone operator Vivo Participacoes (VIV, VIVO4.BR), local business daily Valor Economico reported Wednesday.

Morgan Stanley on Tuesday coordinated the sale of 3.7 million Vivo voting shares, the equivalent to 2.7% of the company, on the BM&FBovespa exchange.

According to Valor, among minority shareholders, only Cyrte has this size of holding. Cyrte officials weren't immediately available for comment.

Telefonica SA (TEF, TEF.MC) has bid EUR7.15 billion to buy Portugal Telecom SGPS SA's (PT, PTC.LB) stake in Vivo, although that offer ends Friday.

-By Alastair Stewart, Dow Jones Newswires; 5511 3544-7072; alastair.stewart@dowjones.com
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