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.
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ITW Africa
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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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