Telefonica, TIM plan expansion in Brazil with bid for Oi mobile business

Wednesday 11 March 2020 | 08:45 CET | News
Telefonica and TIM have united to make an offer to acquire Brazilian operator Oi's mobile business. The companies said they contacted Oi's advisor Bank of America Merrill Lynch to start the negotiations, and Oi confirmed an approach from unnamed third parties.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Mobile & Wireless
Companies: Claro / Oi / Telefonica / Telefonica Brasil / TIM / TIM Brasil / Vivo
Countries: Brazil
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Vivo, Claro, TIM make joint bid to acquire Oi's mobile business

Published 20 Jul 2020 09:47 CET | Brazil
Rivals TIM, Claro and Vivo have joined together to launch a binding offer for Oi's mobile business, the companies confirmed. No ...

TIM CEO handed full powers to approve Oi acquisition

Published 16 Jul 2020 10:13 CET | Brazil
Telecom Italia (TIM) announced that its board of directors met for an update on the potential acquisition of Oi's mobile assets ...

Algar Telecom and GIC enter race for Oi's mobile assets - report

Published 30 Jun 2020 17:50 CET | Brazil
Brazilian regional operator Algar Telecom and the Singapore sovereign fund GIC are the latest interested parties in buying Oi's ...

Telecom Italia sees progress in potential acquisition of Oi

Published 20 May 2020 10:52 CET | Brazil
The parent of TIM Brasil, Telecom Italia, has reported "good progress in the potential acquisition of Oi's mobile assets, in ...

S&P downgrades Oi credit ratings

Published 13 May 2020 10:26 CET | Brazil
Rating agency Standard & Poors has downgraded the credit ratings of Brazilian operator Oi, due to an expected recession in Brazil ...

Brazilian antitrust approves TIM-Vivo RAN sharing deal

Published 24 Apr 2020 11:38 CET | Brazil
Brazil's Administrative Council for Economic Defense (Cade) has approved, without restrictions, a 2G, 3G and 4G network sharing ...

Telefonica Vivo offers two-month mobile internet bonus for customers

Published 18 Mar 2020 14:12 CET | Brazil
Telefonica (Vivo) is offering internet bonuses for mobile telephony subscribers (postpaid, prepaid and Control) for two months, ...

Nieuwsoverzicht week 11: corona verslaat het reguliere nieuws, koersen dalen tientallen procenten

Published 16 Mar 2020 09:39 CET | Netherlands | Update: 16 Mar 2020 10:44 CET
Het coronavirus duwde alle bedrijfsnieuws in week 11 naar de achtergrond. Beurskoersen daalden met tientallen procenten en ...

Claro submits bid for Oi's mobile unit - report

Published 13 Mar 2020 14:10 CET | Brazil
Claro Brasil has submitted a bid for Oi's mobile assets, reports O Globo. This follows an announcement issued by Vivo and TIM ...

TIM Brasil targets EBITDA margin over 40% in 2022

Published 11 Mar 2020 11:39 CET | Brazil
TIM Brasil announced new targets for the next three years at an analyst and investors meeting. The company is targeting an EBITDA ...

Telecom Italia revenues down 6.6% in Q4, posts FY net profit and launches 2020-22 business plan

Published 11 Mar 2020 09:52 CET | Italy
Telecom Italia (TIM) reported a 6.6 percent year-on-year decline in revenues to EUR 4.0 billion in the fourth quarter, with ...

Brazil adds 33,800 mobile lines in January

Published 09 Mar 2020 09:15 CET | Brazil
Brazil ended January with 226.7 million mobile accesses, an increase of 33,800 on the previous month, but down 0.68 percent ...

Oi to propose changes to debt restructuring plan

Published 02 Mar 2020 09:51 CET | Brazil
Oi has filed a petition with the 7th Corporate Court of Rio de Janeiro a proposal to its creditors on an amendment to the ...

Oi cash burn totals BRL 331 million in December

Published 18 Feb 2020 15:36 CET | Brazil
Oi's net operating cash flow was negative by BRL 331 million in December, according to the company's monthly activity report, ...

America Movil to consider Oi mobile assets for sale

Published 13 Feb 2020 17:01 CET | Brazil
America Movil CEO Daniel Hajj said that the company is open to evaluating assets that Oi will put up for sale, especially in the ...

Brazilian mobile base drops 1.1% in 2019

Published 04 Feb 2020 17:49 CET | Brazil
After two months of growth, the Brazilian mobile telephony base dropped again in December, ending 2019 with 226.67 million Sim ...

Telefonica and TIM say will consider purchase of Oi assets

Published 30 Oct 2019 14:08 CET | Brazil
The executive president of Telefonica Brasil, Christian Gebara, said that the company would be interested in evaluating the ...

Brazil's Oi looking to sell mobile unit to Telefonica or Telecom Italia - report

Published 19 Sep 2019 09:43 CET | Brazil
The aim is to use the funds to continue expanding an FTTH broadband network that currently reaches over 360,000 kilometers and is ...

TIM and Telefonica to share mobile infrastructure in Brazil

Published 23 Jul 2019 15:39 CET | Brazil
TIM Brasil and Telefonica Brasil haves signed a MoU on network sharing. They plan to combine their 2G networks in a single grid ...