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General

Oi says no decision reached on TIM bid

Friday 31 October 2014 | 13:49 CET | News
Brazilian operator Oi has issued a notice to the Brazilian Securities and Exchange Commission regarding press reports on the possible purchase of TIM Brasil. It recalls that it engaged BTG Pactual to act as its agent to develop a viable proposal for the acquisition of the shares of TIM Participacoes held by Telecom Italia. For this purpose, BTG Pactual has been engaged in conversations with third parties, including America Movil, the controlling shareholder of Claro. Nevertheless, Oi clarifies that, to date, there has been no understanding or agreement with respect to the structure of the

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Categories: General
Companies: America Movil / Claro / Oi / Telecom Italia / TIM Brasil
Countries: Brazil
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