Friday, August 3, 2007

Telemig, Amazonia shares up in Brazil on Vivo deal

(Reuters) - SAO PAULO, Aug 3 - Shares of Brazilian mobile phone companies Telemig Celular and Amazonia Celular rallied on Friday, a day after the companies agreed to be sold to the country's leading wireless operator, Vivo Participacoes.



Telemig's non-voting shares jumped 3.18 percent to 5.51 reais, while Amazonia's shares climbed 3.45 percent to 0.60 reais, outperforming a 0.79 drop by the benchmark Bovespa index in Sao Paulo.


Read more at Reuters.com Mergers News

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