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General

Telecom Italia denies potential TIM Brasil-Oi merger

Tuesday 10 January 2017 | 13:39 CET | News
Telecom Italia has ruled out any merger of the group's TIM Brasil unit with rival Brazilian operator Oi following comments to that effect from businessman Naguib Sawiris. The Egyptian billionaire told local daily Folha de S. Paulo that there was a possibility Oi could be merged with TIM Brasil if his bid for the Brazilian operator proved successful. "Reports on the matter are groundless," a Telecom Italia spokesman told Reuters.

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Categories: General
Companies: Oi / Telecom Italia / TIM Brasil
Countries: Brazil / Italy
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