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General

Oi CEO says PT proceeds may go to TIM bid

Thursday 18 December 2014 | 15:56 CET | News
The CEO of Oi, Bayard Gontijo told Bloomberg the Brazilian operator would use proceeds from the sale of its Portuguese assets to finance any bid for mobile operator Tim Participacoes. The company is analyzing all possible merger and acquisition options, and there will be no consolidation in Brazil without Oi, he said. According to Gontijo, Oi is working with its adviser BTG on all possible consolidation scenarios. He added that Oi is not in a rush to push for consolidation. 

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Categories: General
Companies: Oi / TIM Brasil
Countries: Brazil
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