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General

TIM Brasil-Oi merger "makes a lot of sense" - Fossati

Wednesday 1 October 2014 | 15:12 CET | News
Marco Fossati, who owns a 4.9 percent stake in Telecom Italia through his Findim Group, would back a merger between TIM Brasil, the Italian company's Brazilian mobile unit, and Brazilian operator Oi. "From an industrial perspective, TIM Brasil-Oi's merger makes a lot of sense," Fossati told Bloomberg, adding that "I promoted it in 2009, but Telefonica deeply opposed the plan." Oi recently confirmed that it had hired BTG Pactual to consider a takeover bid for TIM Brasil, which may also see the participation of rival operators Claro and Vivo. Telefonica, meanwhile, is due to transfer an 8.3

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