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General

Telecom Italia to opt for all-stock offer for Brazil's Oi

Friday 19 December 2014 | 08:48 CET | News
Telecom Italia would make an all-stock offer through its local unit TIM Brasil if it decided to proceed with a bid for a controlling stake in Oi, according to two unnamed sources familiar with the matter cited by Bloomberg. However, before it makes any move, Telecom Italia wants assurances from Brazilian authorities that a possible merger between TIM Brasil and Oi would be given the go ahead. In any case, the Italian company is unlikely to make a decision on the matter before February or March, added the sources. Using shares instead of cash would allow TIM Brasil to keep funds for

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Categories: General
Companies: Altice Europe / Claro / Oi / PT Portugal / Telecom Italia / Telefonica / TIM Brasil
Countries: Brazil / Italy
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