Vivo interested in Telemig CelularThe chairman of Portugal Telecom (PT), Henrique Granadeiro, said that Brazilian mobile operator Vivo is interested in rival Telemig Celular. “If Telemig was about to be sold, it should be done by Vivo. Telemig would be a natural extension of Vivo,” Granadeiro told journalists during the general assembly of shareholders of Portugal Telecom. Telefonica recently told analysts that it has space for more acquisitions and that Telemig would be an ideal target for Vivo, if the right price. At the end of May, Telpart Participacoes, the indirect controller of Telemig and of Amazonia Celular, contracted the investment bank Merrill Lynch to study strategic alternatives, including the sale of the operators. Telefonica and Portugal Telecom own Vivo in a joint venture.
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