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Telefonica bids for Brazil's GVT

Spain’s Telefonica is offering just under $9 billion in cash and shares for Brazilian broadband provider GVT, in a bid to create Brazil’s largest telecom operator. http://online.wsj.com/articles/telefonica-bids-9-billion-for-gvt-1407218591?mod=WSJ_hp_LEFTWhatsNewsCollection

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