Telefonica to Buy Vivendis Brazil Unit

Telefonica is making strategic investments to strengthen its position against competitors like America Movil. It plans to finance these moves through its Brazilian business. Meanwhile, Citibank faces legal challenges in New York due to Argentina's sanctions, risking penalties if it complies with a court order blocking bond payments.

What is the primary goal of Telefonica's $9 billion transaction?

• To acquire a new company

• To enter a new industry

• To increase its market share against competitors

• To reduce its debt

Which companies are involved in Telefonica's strategic move?

• America Movil and Telecom Italia

• Vodafone and Verizon

• Orange and Deutsche Telekom

• AT&T and Sprint

What potential consequence does Citibank face if it complies with the U.S. court order?

• Loss of its banking license in Argentina

• A fine from the U.S. government

• An increase in interest rates

• A merger with another bank

What is the amount of the interest payment that Citibank's Argentina branch is barred from forwarding?

• $9 billion

• $8.4 billion

• $5 million

• $10 million

What is the total value of the bonds involved in Citibank's legal issue?

• $8.4 billion

• $7.4 billion

• $5 million

• $9 billion