Oi
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TIM has confirmed that TIM Brasil, together with Telefônica Brasil (VIVO) and Claro, have sent a notification of the closing to the Oi Group for acquisition of its mobile assets. -
The battle over the future of Oi’s mobile operations has ended, with three companies winning joint control for US$3.23 billion in an auction in which they were the only bidder.
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Brazilian operator Oi has sold its mobile business to a consortium of three other operators for the equivalent of €2.6 billion, according to overnight reports.
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A consortium of América Móvil, Telefónica and TIM subsidiaries in Brazil is set to win its battle for bankrupt company Oi after a rival bidder dropped out.
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TIM’s board has approved a proposal from private equity company KKR to acquire a share in its fixed network – but no final decision will be made before the end of August.
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A company bought last December by Marc Ganzi’s Digital Colony is set to buy bankrupt Brazilian operator Oi within the next few days.
Forthcoming events
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Global Carrier Awards 2022
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Capacity Europe 2022
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Brazil’s Oi has announced plans to spin off four business units from its main operations.
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The US is pushing Brazil to ban Huawei and instead insist its telecoms companies use Scandinavian suppliers Ericsson and Nokia for their 5G networks, with US financial help.
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Telefónica and TIM, both with major telecoms businesses in Brazil, have said they are interested in acquiring Brazilian company Oi’s mobile services.
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The Brazilian regulator has said neither it nor the government will intervene if operator Oi needs rescuing.
Forthcoming events
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Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit esse cillum dolore eu fugiat nulla pariatur. Excepteur sint occaecat cupidatat non proident, sunt in culpa qui officia deserunt mollit anim id est laborum.
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