0
Wireless

Vivo, Oi, America Movil to jointly bid for TIM - report

Thursday 26 June 2014 | 11:37 CET | News
Telefonica Vivo, Oi and America Movil (owner of Claro, Net and Embratel in Brazil) are very close to making an offer for the Brazilian subsidiary of Telecom Italia, reports Valor Economico citing market sources. The plan would be to formalize a takeover bid led by Oi, and then divide TIM with the other two competitors. TIM's share price has been increasing amid market hopes for the bid from the "three amigos". TIM said that the share price movement and was not related to a specific topic. The market expects a deal should be announced before the planned auction of 700 MHz band spectrum later

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: America Movil / Claro / Embratel / Oi / Telecom Italia / Telefonica / TIM Brasil / Vivo
Countries: Brazil
::: 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

Oi to team up with Claro, Vivo on offer for TIM - report

Published 28 Aug 2014 11:23 CET | Brazil
Brazilian operator Oi expects to join Claro and Vivo in a takeover bid for TIM Brasil, a source close to the matter told Reuters. ...

Oi considers takeover bid for TIM Brasil

Published 27 Aug 2014 08:49 CET | Brazil
Brazilian operator Oi announced it's considering a takeover bid for rival TIM Brasil. Oi said it hired Banco BTG Pactual to ...

America Movil hints at KPN stake sale

Published 14 Jul 2014 09:44 CET | Mexico
America Movil plans to sell an "attractive" cross-section of the company in order to avoid increased regulation in Mexico, its ...

AMX ziet KPN als 'belegging', verkoop tegen juiste prijs

Published 14 Jul 2014 07:33 CET | Netherlands
América Móvil ziet Telekom Austria als de poort tot markten in Centraal- en Oost-Europa terwijl de investeringen in KPN door ...

Brazil regulator not notified of Telecom Italia changes

Published 18 Jun 2014 15:11 CET | Brazil
Brazil's Administrative Council for Economic Defense (Cade) said it has not yet received any official communication on changes in ...

Telefonica loses Cade appeal, considers Brazil options

Published 06 Jun 2014 09:19 CET | Brazil
Telefonica has lost its appeal against the ultimatum issued by Brazil's anti-trust regulator (Cade) to scale back its influence ...

GVT vows to work with regulator to avoid TIM Brasil breakup

Published 03 Jun 2014 14:56 CET | Brazil
GVT, the Brazilian broadband unit of France's Vivendi, has vowed to work with regulators to stop competitors from breaking up TIM ...

Telefonica, Telecom Italia at odds over TIM Brasil - report

Published 02 Jun 2014 09:13 CET | Brazil
Telecom Italia and Telefonica have resumed their ongoing discussions over the future of the Italian operator's Latin American ...

Telecom Italia investor pushes for TIM Brasil, GVT merger

Published 30 May 2014 10:22 CET | Brazil
Marco Fossati, who owns a 5 percent stake in Telecom Italia through his Findim Group, has again put forward the idea of a merger ...

Telecom Italia CEO meets with Brazil minister

Published 29 May 2014 15:55 CET | Brazil
The CEO of Telecom Italia, Marco Patuano, has confirmed TIM's interest in bidding for 700 MHz band frequencies, reports Teletime. ...





Calendar   /   Industry Events

05 Mar Vonage Investor Day
08 Mar Smith Micro Q4 2020
10 Mar MTN FY results
10 Mar Verizon Investor Day
11 Mar Gogo Q4 2020
11 Mar Technicolor FY results
11 Mar T-Mobile US analysts day
12 Mar RTL Group Q4 2020
12 Mar Mobilezone Q4 2020
12 Mar AT&T analysts day
::: More Calendar Items