Telefonica's Brazil unit, Desktop in talks over possible acquisition

Telefonica Brasil, SA

30/05/2024 08:19

SAO PAULO, May 30 (Reuters) - Telefonica Brasil
 VIVT3.SA  said on Wednesday it was in talks with  Brazilian
broadband infrastructure operator Desktop  DESK3.SA  over a
potential acquisition.
    The two companies said in separate filings to the Sao Paulo
stock market regulator CVM that no agreement had been reached.
    Desktop's market value was 1.89 billion reais ($363
million)on Wednesday, according to LSEG data.
    Telefonica Brasil is 75% owned by Spanish telecom giant
Telefonica  TEF.MC .
    A spokesperson at Telefonica in Madrid declined to comment.
    ($1 = 5.2018 reais)

 (Reporting by Paula Arend Laier and Tomas Cobos, editing by
Inti Landauro and Bernadette Baum)
 ((Inti.Landauro@thomsonreuters.com;))