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General

Telecom Italia unaware of any TIM Brasil offers

Monday 3 November 2014 | 08:47 CET | News
Telecom Italia CEO Marco Patuano has dismissed reports in the Brazilian press that the operator has received an offer to sell its Brazilian mobile unit TIM Brasil. According to the reports, America Movil, Telefonica and Grupo Oi have agreed to launch a USD 13 billion bid for Telecom Italia's controlling stake in TIM Brasil. However, Patuano said the company had not received any offer for TIM Brasil, which remained a strategic asset, as demonstrated by the EUR 1 billion spent in a recent 4G auction. "We have a major investment programme in place and have just participated in the auction for 4G

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