BM&F Bovespa.

BM&F Bovespa. Vivo is the largest mobile phone service provider in Brazil and in South America with over 50 million users. Most of its network was initially IS-95/cdmaOne based, although there were parts of it that were still analogAMPS and parts (resulting from acquisition of other companies) using TDMA (IS-136). These are all being converted to GSM since 2006, when, after years being the only CDMA network, Vivo announced a GSMnetwork, and that it would operate in both CDMA and GSM. The CDMA network is being gradually converted to CDMA2000 in the major cities, where the company now provides mobile Internet access. The Vivo brand was launched on April 13, 2003. Until 2006, the group was composed of six holding companies which, as announced in November 2005, merged into a single holding company, Vivo Participações S.A.. The operation was concluded on February 22, 2006. Vivo also operates an UMTS 3G network.

Telefonica withdraws bid for Vivo. Brazil. 17/07/10 14:15. Telefónica announced to the market that the supply of 7150 million by Vivo expired for not having been a response to administration of PT by the deadline specified. The board of directors of PT was convened yesterday in the afternoon, having reached a final decision on the proposal that Telefónica had the support of BES and opposition from the Portuguese Government. PT has yet attempted to negotiate an extension of the deadline, but Cesar Alierta, who had already warned he would not give more time to the business, not given to the intentions of the National Telecom. This will not, however, the last episode of a longstanding war for control of the Brazilian market. And now there are two certainties in the market: Telefónica will not give up in Brazil and the Portuguese Government will have a say if the Spanish return to the live load. Moreover, the proposal was now withdrawn from the start, doomed to failure. Just yesterday, in briefing the Council of Ministers, Pedro Silva Pereira has guaranteed that, if supply was maintained, the Government would have the same position expressed in the AG's June 30, or veto the deal against the wishes of shareholders. The largest shareholder of PT, BES, has, however, a different position. Ricardo Salgado said he feared a takeover bid from Telefonica and PT to the group reaffirmed that partnership in Vivo is "exhausted" by the telecom should seek alternative solutions in Brazil. It has defended the sale of Telefónica Vivo by 7150 millions of euros. What remains now is how the market will react to the withdrawal of the offer, and various investment houses anticipated a decline in PT shares if the deal does not materialize, projecting three possible scenarios: Telefonica raises the price of the Offer by Vivo, Telefonica launches a hostile bid for PT, or withdraws from Telefónica and Vivo in Brazil looking for another solution.