TIM Brasil denies Bradesco hired for Oi acquisition

Wednesday 8 October 2014 | 22:09 CET | News
Brazilian operator TIM Participacoes has issued a clarification to the market regarding press reports on possible offers for rival operator Oi. In a statement, TIM says it continues to evaluate strategic business development alternatives, and for that purpose counts on the support of several financial consulting firms, including Bradesco. Such consulting support has not included any mandate to evaluate an acquisition offer for Oi, and has been limited to providing TIM with market information and its potential implications. TIM will continue to monitor closely any and all relevant

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Categories: Fixed / Mobile & Wireless
Companies: Oi / TIM
Countries: Brazil
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