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In the emerging markets, a key to growth is mobile. And, this is revving up M&A activity for the major operators, who are trying to grab marketshare.

This is certainly the case with Vivendi. Recently, the company's chief -- Jean-Bernard Levy -- said he has a credit line of close to $9 billion to do deals.

Well, he hasn't wasted much time. Late yesterday, Vivendi announced a buyout bid for GVT SA, which is a fixed-line phone company in Brazil. The transaction comes to about $3 billion (or a 16% premium to the current stock price).

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Vivendi calls up a deal in Brazil originally appeared on BloggingStocks on Wed, 09 Sep 2009 12:40:00 EST. Please see our terms for use of feeds.

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