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General

Telecom Italia-Oi talks awaiting Brazilian approval - report

Thursday 5 February 2015 | 10:51 CET | News
Telecom Italia is waiting for the approval from the Brazilian authorities before starting talks to merge its local subsidiary TIM Brasil with rival operator Oi, according to two unnamed sources cited by Reuters. "A signal from the government is needed to start any direct talks with Oi," said one of the sources, with the other adding that "a strengthening of TIM is seen with favor by officials but there are key issues that still have to be resolved." Last week the Italian company's CEO Marco Patuano travelled to Brazil with chairman Giuseppe Recchi and CFO Piergiorgio Peluso to discuss the

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