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Eurobites: Telefónica Seals Brazilian Deal

Also in today's EMEA regional roundup: SAP buys Concur; Phones 4u rescue plan fails; Huawei's Spanish signing.

  • Telefónica SA (NYSE: TEF) has sealed the deal with Vivendi , which will bring the French media conglomerate's Brazilian broadband unit, Global Village Telecom (GVT), under the Spanish giant's wing, at a cost of €7.45 billion (US$9.8 billion). Telefónica and Telecom Italia (TIM) had been engaged in a bidding war for GVT, eager to boost their presence in what is a growing market. GVT's network passes 10.4 million homes in 21 Brazilian states. For more details of the transaction, peruse this Telefónica statement. (See Telefónica, Telecom Italia in $9B Battle to Buy Brazil's GVT.)

  • SAP AG (NYSE/Frankfurt: SAP), the Germany-based enterprise software vendor, is buying cloud software specialist Concur for $8.3 billion, reports Bloomberg. The cloud is becoming a major focus for SAP, which recently opened a research center with Huawei Technologies Co. Ltd. at its headquarters in Wallforf.

  • A plan by bondholders in Phones 4u Ltd. to rescue the stricken UK handsets retailer has collapsed, reports the BBC. The bondholders had proposed a debt-for-equity swap but the administrators, PWC, dismissed the plan, adding that selling off the business to network operators was more likely to succeed.

  • UK cable operator Virgin Media Inc. (Nasdaq: VMED) reports that Wednesday was the busiest ever day on its network, as Apple fanboys and fangirls began downloading iOS 8. According to Virgin, some of them turned to the WiFi service provided by the operator at London Underground stations to perform the task, as they found that connection much quicker than their home one. Virgin said the traffic increase was equivalent to the 920MB update being downloaded more than 600,000 times.

  • Spanish soccer may have had its reputation tarnished at the last World Cup, but that has not stopped Huawei signing a two-year sponsorship deal with legendary club Atletico de Madrid, current champions of La Liga. The vendor's logo will appear on the team's distinctive striped shirts and "many communication and promotional activities" are threatened.

    Move over Kyocera -- Huawei has earned its stripes.
    Move over Kyocera -- Huawei has earned its stripes.

    — Paul Rainford, Assistant Editor, Europe, Light Reading

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