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General

Telecom Italia ready to consider Oi merger - CEO

Monday 10 November 2014 | 08:51 CET | News
Telecom Italia has no option but to consider a potential merger with Brazilian operator Grupo Oi as it seeks to strengthen its local unit TIM Brasil, according to the Italian company's CEO Marco Patuano. "I think it's mandatory to explore the possibility of such a big strategic opportunity," Patuano told reporters when asked about Telecom Italia's interest in merging with Oi, subsequently adding that "we're not desperate and we don't want to make a deal at any cost." Telecom Italia's minority investors association Asati has urged the company not to sell its controlling stake in TIM Brasil,

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