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General

Telecom Italia discussing Oi tie-up - report

Tuesday 16 September 2014 | 10:48 CET | News
Telecom Italia is looking at the possibility of forming an alliance with Brazilian operator Oi in an effort to prevent a full takeover of its local unit TIM Brasil, according to a report in Italian business daily Il Sole 24 Ore. Recent reports in the Brazilian press have indicated that Oi, which  doesn't have the funds to buy TIM Brasil outright, is in talks with Brazilian operators Claro and Vivo on the possible launch of a BRL 30 billion takeover bid for TIM Brasil by 30 September. However, Telecom Italia's CEO Marco Patuano is hoping to take advantage of the Brazilian government's desire

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