BRIEF-Data Communications completes equity private placement
* Data Communications Management Corp completes equity private placement of $3.8 million and debt financing of $3.5 million
MADRID Aug 5 Shares in Spain's largest telecommunications operator Telefonica dropped 1.5 pct in early trading on Tuesday after the company offered 6.7 billion euros ($9 billion) for France's Vivendi's Brazilian internet provider GVT.
Spain's blue-chip IBEX-35 index was up 0.2 percent at 0710 GMT. ($1 = 0.7452 Euros) (Reporting by Paul Day)
* Mood Media completes arrangement and domestication to Delaware