Announcement regarding an amicable bid for Brazilian telecom operator GVT was made Wednesday by French entertainment and telecoms group Vivendi, in a deal, which if accomplished, would be valued at 2 billion euros ($2.88 billion).

Vivendi informed about a tender offer as well, which it will unveil for 100 percent of GVT's capital at 42 reais per share, valuing the Brazilian broadband and telecoms player at 5.4 billion reais or 2 billion euros.

But the thing to note is that only if Vivendi obtains at least 51 percent of GVT's capital, will its offer go ahead. The tender offer requires an approval from Vivendi board and undertaking due diligence before October 16.

The French company specified that the controlling shareholders of GVT, Swarth Group and Global Village Telecom (Holland) BV have accepted to sell at least 20 percent of GVT's outstanding shares to Vivendi.

It continued, "The main GVT shareholders have also agreed to vote in favor of changing GVT's bylaws to get rid of an anti-takeover provision."

This offer has come as Vivendi's latest major move into emerging markets. Talks to buy a majority stake in the African telecoms unit of Kuwaiti telecoms company Zain were concluded by the company in July.