TIM Participa�oes SA , Brazil's second-largest wireless phone company, said on Thursday its parent company Telecom Italia SpA had confirmed interest in acquiring Vivendi SA's local broadband unit, GVT SA. TIM said in a securities filing that Telecom Italia had not made any final offer to combine operations with Vivendi in Brazil, and any such deal would be subject to approval by TIM and Telecom Italia.
Shares of TI fell by 1.01% or $-0.11/share to $10.74. In the past year, the shares have traded as low as $6.36 and as high as $13.54. On average, 92600 shares of TI exchange hands on a given day and today's volume is recorded at 22764.
Shares of TI-A fell by 0.23% or $-0.02/share to $8.86. In the past year, the shares have traded as low as $4.93 and as high as $10.62. On average, 34886 shares of TI-A exchange hands on a given day and today's volume is recorded at 7068.
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