0
Wireless

Claro, TIM and Telefonica confirm takeover of Oi Movel for BRL 16.5 billion

Tuesday 15 December 2020 | 10:34 CET | News
The joint bid of TIM Brasil, Telefonica Brasil and Claro Brasil for Oi's mobile business has been declared the winner, with an offer of BRL 16.5 billion (EUR 2.7 billion). The three rivals increased their bid in July and entered exclusive talks with Oi in August. No higher bidders appear to have emerged, allowing the three companies to divide up the business amongst themselves. 

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Anatel / Claro / Oi / Telefonica Brasil / TIM Brasil
Countries: Brazil
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Claro, TIM and Vivo seek Anatel clearance for Oi mobile acquisition

Published 26 Mar 2021 11:40 CET | Brazil
Claro, TIM and Vivo, together with Oi, have requested prior consent from Brazil's National Telecommunications Agency (Anatel) for ...

Telecom Italia revenues improve to 2% fall in Q4, CEO seeks new term

Published 24 Feb 2021 09:39 CET | Italy
Telecom Italia (TIM) reported an organic 2.1 percent year-on-year decline in revenues to EUR 4.15 billion in the final quarter of ...

Oi signs mobile sale agreement with TIM, Telefonica, Claro

Published 29 Jan 2021 15:35 CET | Brazil
The purchase and sale of shares and other covenants agreement was officially signed by Oi Movel with TIM, Telefonica Brasil and ...

Oi confident of approval of sale of mobile network to competitors

Published 15 Jan 2021 17:02 CET | Brazil
Oi's financial diretor, Camille Faria, is confident that Brazil's Administrative Council for Economic Defence (Cade) will approve ...

Algar Telecom seeks suspension of Oi Movel sale

Published 14 Jan 2021 16:35 CET | Brazil
Brazilian regional operator Algar Telecom has asked the Council of Economic Defence (Cade) to suspend the sale of Oi Movel to a ...

Last week in telecoms: Antitrust cases against Google, EC presents DSA, DMA, third version of 5G delayed by 6 months

Published 21 Dec 2020 21:14 CET | World
In the past week, the surveillance of internet platforms, and especially of Google, entered a new phase. No fewer than four new ...

Wrap-up week 51: antitrustzaken tegen Google, de EC presenteert de DSA en de DMA, derde versie van 5G met halfjaar vertraagd

Published 21 Dec 2020 12:16 CET | World
In week 51 ging het toezicht op internetplatforms, met name Google, een nieuwe fase in. In de VS werden maar liefst vier nieuwe ...

TIM Brasil to resort to bank financing for Oi Movel purchase

Published 17 Dec 2020 17:15 CET | Brazil
TIM Brasil CEO Pietro Labriola said that financing of the acquisition of Oi Movel, together with Vivo and Claro, will be done ...

TelComp warns Oi Movel sale 'setback for competition'

Published 16 Dec 2020 15:21 CET | Brazil
The Brazilian Association of Competitive Operators (TelComp) claims that the sale of Oi Movel to Claro, TIM and Vivo represents a ...

Claro Brasil and Google donate mobile phones and connectivity to visually impaired people

Published 15 Dec 2020 15:21 CET | Brazil
Claro Brasil and Google have started a partnership to meet the connectivity needs of visually impaired people, assisted by the ...

Brazil grows to over 230 million mobile users in October

Published 01 Dec 2020 13:30 CET | Brazil
The Brazilian mobile telephony market continued the positive trend in October, with the number of users increasing to 230.2 ...

Oi sells towers to Highline, data centre to Piemonte

Published 27 Nov 2020 15:45 CET | Brazil
Oi has sold its UPI Torres towers unit to Highline for BRL 1.06 billion, as the only bidder. In a separate transaction, Titan ...

TIM, Telefonica and Claro granted right to match higher Oi mobile bids

Published 08 Sep 2020 15:28 CET | Brazil
TIM Brasil, Telefonica Brasil (Vivo) and Claro (America Movil) have been granted the right to match higher bids for the mobile ...

Claro, TIM and Vivo enter exclusive talks to buy Oi mobile assets

Published 10 Aug 2020 09:02 CET | Brazil
Brazilian operator Oi has granted the consortium formed by Telefonica Brasil (Vivo), TIM and Claro exclusivity in negotiations to ...

TIM, Telefonica and Claro update bid for Oi's mobile business to BRL 16.5 billion

Published 28 Jul 2020 08:32 CET | Brazil
TIM Brasil, Claro and Telefonica Brasil have submitted an updated binding bid for the acquisition of Oi's mobile assets worth BRL ...





Calendar   /   Industry Events

22 Apr Orange Q1 2021
22 Apr Tele2 Q1 2021
22 Apr AT&T Q1 2021
22 Apr Intel Q1 2021
22 Apr VeriSign Q1 2021
22 Apr Snap Q1 2021
22 Apr Nordic Entertainment (NENT) Q1
22 Apr FCC meeting
23 Apr Telia Q1 2021
25 Apr Vodafone Qatar Q1 2021
26 Apr SBA Communications Q1 2021
27 Apr Siminn Q1 2021
27 Apr Alphabet Q1 2021
27 Apr AudioCodes Q1 2021
27 Apr Mediaset FY results
27 Apr Juniper Networks Q1 2021
27 Apr Sequans Q1 2021
27 Apr Corning Q1 2021
27 Apr Calix Q1 2021
27 Apr A10 Networks Q1 2021
27 Apr Microsoft fiscal Q3
27 Apr A1 Telekom Austria Q1 2021
27 Apr America Movil Q1 2021
27 Apr F5 Networks fiscal Q2
28 Apr Yandex Q1 2021
28 Apr SK hynix Q1
28 Apr MaxLinear Q1
28 Apr Oooredoo Q1 2021
28 Apr ZTE Q1 2021
28 Apr Ribbon Communications Q1 2021
::: More Calendar Items