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Telecom Italia Said to Weigh Oi Bid to Challenge Telefonica

2014-09-17 11:46:56| Telecom - Topix.net

Telecom Italia SpA is evaluating a potential acquisition of Brazilian carrier Oi SA to challenge Telefonica SA in the largest phone market in Latin America, according to three people familiar with the matter. The Milan-based carrier has spoken to advisers about using its Brazilian unit Tim Participacoes SA to buy Oi, said the people, who asked not to be identified because the discussions are private.

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