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

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.


Already registered?

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

Add comment

Please login or register to leave a 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.


Oi, TIM get clearance for infrastructure sharing

Published 30 Jan 2015 13:52 CET | Brazil
Brazil's competition regulator CADE has approved the 2G and 3G mobile infrastructure sharing agreement between TIM Brasil and Oi. ...

Telecom Italia in no rush to bid for Brazil's Oi – report

Published 15 Dec 2014 08:58 CET | Brazil
Telecom Italia has decided not to make a bid for a controlling stake in Oi until the Brazilian operator cuts its debt and renews ...

Tim Brasil-Oi merger would create EUR 7 bln synergies-report

Published 28 Nov 2014 11:32 CET | Brazil
A possible tie up between Telecom Italia's Brazilian unit TIM Brasil and rival operator Oi would generate synergies worth up to ...

Telecom Italia seeks tie ups with Oi, Metroweb

Published 24 Nov 2014 08:34 CET | Italy
Telecom Italia has announced the sale of its Brazilian mobile phone towers for BRL 3 billion (around EUR 900 million) and ...

TI poised to sell Brazil towers to American Tower – report

Published 21 Nov 2014 08:50 CET | Italy
Telecom Italia is ready to announce that the mobile phone towers of its Brazilian unit TIM Brasil have been sold to American ...

Telecom Italia to consider Brazil options at meeting - CEO

Published 19 Nov 2014 10:11 CET | Brazil
Telecom Italia's board will meet on 21 November to discuss its future strategy in Brazil, the company's CEO Marco Patuano ...

Telecom Italia says no capital hike planned

Published 17 Nov 2014 09:25 CET | Brazil
Telecom Italia has confirmed that no operation to increase the company's capital is currently being planned. The brief statement ...

Telecom Italia board ready to discuss Brazil - report

Published 12 Nov 2014 11:23 CET | Brazil
Telecom Italia's board is preparing to meet next week to discuss its future strategy in Brazil, according to two unnamed sources ...

Telecom Italia ready to consider Oi merger - CEO

Published 10 Nov 2014 08:51 CET | Brazil
Telecom Italia has no option but to consider a potential merger with Brazilian operator Grupo Oi as it seeks to strengthen its ...

TIM Brasil Q3 profit up 10.6% to BRL 348 million

Published 05 Nov 2014 10:50 CET | Brazil
TIM Brasil ended the third quarter of 2014 with 10.6 percent annual growth in net profit to BRL 348 million. Gross revenues fell ...

Asati urges Telecom Italia to merge TIM Brasil, not sell it

Published 05 Nov 2014 09:16 CET | Brazil
Telecom Italia's minority investors association Asati has urged the company not to sell its controlling stake in TIM Brasil, but ...

Claro to get 40% of TIM, Vivo to keep market lead - report

Published 03 Nov 2014 17:01 CET | Brazil
Claro is the operator that will come out stronger as the result of a possible division of TIM Brasil, reports Folha de Sao Paulo. ...

Telecom Italia unaware of any TIM Brasil offers

Published 03 Nov 2014 08:47 CET | Brazil
Telecom Italia CEO Marco Patuano has dismissed reports in the Brazilian press that the operator has received an offer to sell its ...

PT sale should be concluded in a week - report

Published 31 Oct 2014 13:58 CET | Brazil
The negotiations for the sale of the Portuguese assets of Brazilian operator Oi are in an advanced stage and should be completed ...

Claro, Vivo, Oi reach agreement to buy TIM - report

Published 31 Oct 2014 12:07 CET | Brazil
Brazilian mobile operators Claro and Vivo have signed an agreement with the BTG Pactual bank to, along with Oi, buy TIM Brasil, ...

TIM Brasil could be sold for right price - CEO

Published 15 Oct 2014 22:12 CET | Brazil
The president & CEO of Telecom Italia has pointed out that if a right bid arrives, its Brazilian unit, TIM Participacoes, could ...

Oi focuses on consolidation, debt reduction

Published 15 Oct 2014 22:06 CET | Brazil
The new CEO of Oi, Bayard Gontijo, has said that the Brazilian operator is focused on consolidating and reducting its debt, which ...

Oi looking at strategies for the future

Published 15 Oct 2014 17:48 CET | Angola
BTG Pactual, the financial advisor of Brazilian operator Oi, will present to shareholders by the end of this month, the strategic ...

TIM Brasil hires Bradesco to explore bid for Oi - report

Published 04 Oct 2014 20:24 CET | Brazil
Brazil's TIM Participacoes has hired Banco Bradesco's investment banking unit to analyse a potential bid for rival Oi, a source ...

TIM Brasil approves infrastructure sharing deal with Oi

Published 02 Oct 2014 22:25 CET | Brazil
The board of TIM Brasil has approved the extension of the contract it has with Oi to share the infrastructure of their LTE ...

TIM Brasil-Oi merger "makes a lot of sense" - Fossati

Published 01 Oct 2014 15:12 CET | Brazil
Marco Fossati, who owns a 4.9 percent stake in Telecom Italia through his Findim Group, would back a merger between TIM Brasil, ...

Telecom Italia denies talks with Oi

Published 18 Sep 2014 08:27 CET | Brazil
Telecom Italia said it is not in talks to reach an agreement with Brazilian operator Oi, according to a securities filing by the ...

Claro confirms interest in TIM bid

Published 11 Sep 2014 15:30 CET | Brazil
Claro Brasil CEO Carlos Zenteno confirmed that the mobile operator is evaluating the acquisition of part of competitor TIM ...

Oi says no negotiations underway on TIM takeover

Published 11 Sep 2014 14:36 CET | Brazil
Brazilian operator Oi has issued a statement to Brazilian stock market regulator CVM in response to a request for clarification ...

Oi in talks to sell Unitel for USD 2 billion - report

Published 29 Aug 2014 11:23 CET | Angola
Brazilian operator Oi is in talks to sell its 25 percent stake in Angolan mobile operator Unitel to other shareholders for more ...

Oi considers takeover bid for TIM Brasil

Published 27 Aug 2014 08:49 CET | Brazil
Brazilian operator Oi announced it's considering a takeover bid for rival TIM Brasil. Oi said it hired Banco BTG Pactual to ...