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Louboutin hot sale Telefonica acquisition of Vivo 7.3 billion bid rejected christian louboutin:
SAN FRANCISCO, May 11 evening,Louboutin for sale, according to foreign media reports, Telefonica (Telefonica SA) to 57 billion euros (7.3 billion) offer,Christian louboutin sale,take the initiative to bid for Portugal Telecom (Portugal Telecom) holds a 50% stake in Vivo. Vivo, Brazil's largest mobile telecom operator, currently Telefonica and Portugal Telecom each holding 50%.  
Portugal Telecom board of directors unanimously rejected the acquisition, said the slow growth of the domestic market and increasing competition, Vivo its very important to offset this negative impact, is the core business strategy.  
according to Credit Suisse estimates, Telefonica's offer to give Vivo the valuation of 32 times its expected 2010 earnings, reflecting the market saturation in developed countries,Louboutin on sale, the Western carriers strive to compete for emerging markets growth in users and revenue sources.  
news, Portugal Telecom shares rose 7%, Telefonica shares fell 3.7%.  
the poor economic situation of Spain, the unemployment rate rising, people have cut communications expenses, Telefonica is facing difficulties in the domestic market, Vivo is particularly important to them.  
Unfortunately, the Spanish telecommunications market is far from the only company interested in the Brazilian operators,Christian louboutin sale, Brazil is South America's largest mobile market this year, the number of users is expected to grow by 11%.  
the French Vivendi Group (Vivendi SA) in the last year acquired the Brazilian fixed phone operator GVT, the Group and Brazil's largest fixed-line operators Oi are hoping to increase the mobile telephony business. But at present the only two companies in the market and Telecom Italia's Vivo's TIM, which may lead to a fierce takeover battle.  
earlier this year released a memo to the customer, the U.S. investment research firm Bernstein (Bernstein) analyst accurately predict the occurrence of such a situation. They pointed out that  
Bernstein TIM is expected to attract 8.5 billion euros may be to 90 billion euros bid. Telecom Italia may accept such a price because the company needs to reduce its net debt and investment in their domestic markets. Oi take over the company the possibility that Vivendi higher than that, though the latter have more money.  
strengthen competition in the Brazilian market mergers and acquisitions in other emerging telecom markets,Louboutin hot sale,while also accelerating integration. Earlier this year, India's Bharti Telecom to 10.7 billion acquisition of the assets of Zain in Africa. Egyptian mobile operator Orascom also said last month that South Africa's MTN proposed offer, which is currently being negotiated betweenthe two. (He-Zhao)
> Related: Swedish telecom downturn forced the Spanish fixed-line rental costs or to the Spanish telecom Telefonica search engine charges the first joint procurement Unicom

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