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Vivendi eyes Brazilian telco

French telecom company Vivendi has launched a &euro;2bn (&pound;1.76bn) takeover bid for Brazilian telecoms provider GVT.<br />The bid is a move away from the African and south-east Asian markets the firm had been looking at. A takeover would put Vivendi into competition with Spain&rsquo;s Telef&oacute;nica, which has a 31 per cent market share in Brazil.