Gvt, Telefonica pressing on the timing

Telefonica's offer for Gvt, which offers 7,45 billion euros of which 4,66 billion paid in cash, expires tomorrow, August 29, 2014, "unless the bidder decides to extend the period of validity of the offer or unless that Vivendi opts to sign an exclusive three-month contract with the Spanish group”. This is what is indicated in the Telefonica press release. Meanwhile, the Telecom Italia stock is sluggish on the stock exchange, where it lost more than half a percentage point in mid-morning a 0,858 euro.