0
Wireless

TIM mulling bid for Brazil's Nextel - report

Thursday 20 September 2018 | 09:16 CET | News
Always wanted to know everything about the Dutch Telecoms market? Then the online Masterclass Introduction Dutch Telecom market is for you! Please enroll here!
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.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

America Movil acquires 100% of Brazil's Nextel for USD 905 mln

Published 18 Mar 2019 11:57 CET | Brazil
America Movil has announced an agreement to acquire 100 percent of Brazil's fifth largest mobile operator Nextel from NII ...

TIM ready to accept Persidera bid, hire advisor to sell Sparkle - report

Published 29 Oct 2018 15:32 CET | Italy
Telecom Italia (TIM) is set to accelerate efforts to sell non-core assets including submarine network unit Sparkle and media unit ...

Rai Way submits binding offer for Telecom Italia's Persidera

Published 25 Sep 2018 15:12 CET | Italy
Rai's towers subsidiary Rai Way has announced a revised offer for Persidera, the former Telecom Italia Media Broadcasting ...

TIM still discussing asset sales, Nextel bid

Published 25 Sep 2018 08:37 CET | Italy
Telecom Italia (TIM) confirmed that it analysed possible investments and asset divestitures at a board meeting held on 24 ...

Last week in telecoms: portfolio management and Comcast wins the Sky auction

Published 24 Sep 2018 07:00 CET | Europe
Most European telecoms stocks moved within a relatively narrow range in week 38. Stock performances varied between a loss of 4 ...

TIM to discuss asset sales at 24 Sept board meeting - report

Published 19 Sep 2018 15:48 CET | Italy
Telecom Italia (TIM) is set to discuss the sale of non-core assets including its Sparkle and Persidera units at a board meeting ...

CDP cited as potential buyer of TIM's Sparkle unit - report

Published 12 Sep 2018 15:35 CET | Italy
State lender Cassa Depositi e Prestiti (CDP) has emerged as a potential buyer of Telecom Italia's international services arm ...

Di Maio rules out sale of TIM's Sparkle unit

Published 10 Sep 2018 08:31 CET | Italy
Italy's industry minister Luigi di Maio has categorically ruled out a sale of Telecom Italia's international services arm Sparkle ...

NII Holdings expects bids for Nextel Brasil in September – report

Published 08 Aug 2018 11:54 CET | Brazil
NII Holdings expects to receive bids for mobile operator Nextel Brasil in September, a source familiar with the matter told ...

Nextel turns corner in Q2, sees positive adjusted OIBDA in H2

Published 07 Aug 2018 15:04 CET | Brazil
NII Holdings, the parent company of mobile operator Nextel Brasil, reported breakeven adjusted OIBDA for the second quarter and ...

Italian govt still interested in TIM-Open Fiber wholesale network tie-up

Published 30 Jul 2018 14:45 CET | Italy
Italy's industry minister Luigi di Maio has confirmed the government's interest in exploring the creation of a single wholesale ...

Rai Way still interested in bidding for Persidera

Published 27 Jul 2018 08:58 CET | Italy
Rai's towers subsidiary Rai Way has announced that it's still interested in bidding for Persidera, the former Telecom Italia ...

Telecom Italia revenues down 2.7% in H1, starts evaluating asset sales

Published 25 Jul 2018 08:25 CET | Italy
Telecom Italia (TIM) reported a 2.7 percent year-on-year decline in first-half revenues to EUR 9.51 billion on a comparable ...

TIM Brasil sees 53% growth in Q2 profit to BRL 335 million

Published 20 Jul 2018 11:01 CET | Brazil
TIM Brasil ended the second quarter of 2018 with 53.2 percent annual growth in net profit, to BRL 335 million. The positive ...





Calendar   /   Industry Events

23 Oct Orange Belgium Q3 2020
23 Oct Doro Q3 2020
23 Oct Airtel Africa H1 results
26 Oct Harmonic Q3 2020
26 Oct Alphabet Q3 2020
26 Oct Twilio Q3 2020
26 Oct CCW Europe 2020
27 Oct Akamai Technologies Q3 2020
27 Oct Megacable Q3 2020
27 Oct Microsoft fiscal Q1
27 Oct A10 Networks Q3 2020
27 Oct Juniper Networks Q3 2020
27 Oct Siminn Q3 2020
27 Oct Telefonica Brasil Q3 2020
27 Oct Sequans Communications Q3 2020
28 Oct 8x8 fiscal Q2
28 Oct Ooredoo Q3 2020
28 Oct Telefonica Deutschland Q3 2020
28 Oct Equinix Q3 2020
28 Oct ZTE Q3 2020
28 Oct Belden Q3 2020
28 Oct Extreme Networks fiscal Q1
28 Oct KPN Q3 2020
28 Oct Telecoms World Asia 2020
28 Oct Cognizant Q3 2020
29 Oct Facebook Q3 2020
29 Oct Telefonica Q3 2020
29 Oct Digital Realty Q3 2020
29 Oct HKBN FY results
29 Oct NTT Docomo fiscal Q2
::: More Calendar Items