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Wireless

TIM mulling bid for Brazil's Nextel - report

Thursday 20 September 2018 | 09:16 CET | News
Telecom Italia (TIM) is evaluating a bid for Brazil's fifth largest mobile operator Nextel via its TIM Brasil unit, according to unnamed sources cited by Bloomberg. The aim would be to boost TIM Brasil's market share and gain spectrum in some metropolitan areas, said the report, adding that TIM CEO Amos Genish may discuss the possibility at a 24 September board meeting. If approved, the company will start hiring advisers to explore the potential offer.

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Categories: Mobile & Wireless
Companies: Nextel / Telecom Italia / TIM / TIM Brasil
Countries: Brazil / Italy
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