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General

Tim Brasil-Oi merger would create EUR 7 bln synergies-report

Friday 28 November 2014 | 11:32 CET | News
A possible tie up between Telecom Italia's Brazilian unit TIM Brasil and rival operator Oi would generate synergies worth up to EUR 7 billion, according to a report in Italian business daily Il Sole 24. The analysts from Morgan Stanley and JP Morgan that have started to examine the transaction have discovered that synergies resulting from a merger would be worth EUR 4.8 to 7 billion, more than the current market price of Telecom Italia's 67 percent stake in TIM Brasil. Last week the Italian operator announced it had mandated its management to "examine in-depth the options for a possible

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