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General

TIM Brasil CEO says no need for deal with Oi

Wednesday 3 December 2014 | 10:19 CET | News
The CEO of TIM Brasil, Rodrigo Abreu, reiterated that the operator has no need to partner with rival Oi, although he does not rule out the company analyzing possible market consolidation opportunities, reports Reuters. He was answering questions from reporters about the agreement announced earlier between Oi and Altice for exclusive negotiations on the sale of the Portuguese assets of Oi. The proceeds could be used for a possible bid for TIM, controlled by Telecom Italia. Abreu stressed that even with the sale of the assets of Portugal Telecom, Oi will continue to have high levels of debt.

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Categories: General
Companies: Altice Europe / Oi / Portugal Telecom / Telecom Italia / TIM Brasil
Countries: Brazil
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