Telefonica Upgrades Stake In Brazil's TVA To 49.99% -Report
October 03 2011 - 9:56PM
Dow Jones News
Telefonica SA (TEF) has bought, through its Brazilian unit
Telecomunicacoes de Sao Paulo SA (TLPP4.BR), or Telesp, an
additional 30% stake in Brazilian pay television company TVA,
raising it to 49.99%, reports Cinco Dias in its Tuesday Internet
edition.
The newspaper doesn't offer financial details, but adds TVA
shares were bought from Lemontree Participacoes, controlled by
local media giant Grupo Abril.
Newspaper website: www.cincodias.com
-Dow Jones Newswires; enza.tedesco@dowjones.com
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