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Algar Telecom and GIC may challenge TIM and Telefonica over Oi

2020-07-01 02:00:00| Total Telecom industry news

Last month, financially struggling Brazilian telco Oi officially put 100% of its mobile unit on the market, accepting bids worth ~$2.9 billion and above. At the time of the announcement, it seemed likely that the two major Brazilian operators…read more on TotalTele.com »

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TIM and Telefonica seeking joint purchase of Brazils Oi

2020-03-11 01:00:00| Total Telecom industry news

The future of Brazil’s fourth largest telco, Oi, has been precarious for some time. The company filed for bankruptcy in 2016 and, despite various debt restructurings, remains on the ropes. For local rivals Telefonica (Vivo) and Telecom Italia (TIM Brasil)…read more on TotalTele.com »

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Telefonica in talks with TIM and Claro to buy Oi - report

2019-10-08 19:35:00| Telecompaper Headlines

(Telecompaper) Spanish operator Telefonica is negotiating an agreement with its two main rivals in the Brazilian market, America Movil and TIM, to jointly purchase the assets of Oi, sources close to the process told Spanish daily Expansion. The idea is to jointly buy the Brazilian operator and then distribute the assets. Telefonica may also try to reach an agreement only with TIM, since the advantages of the purchase for both are greater than in the case of America Movil, which recently acquired Nextel Brasil and its frequency spectrum.

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Huawei latest reported suitor to distance itself from Oi

2019-09-23 02:00:00| Total Telecom industry news

Huawei has become the latest company to distance itself from Brazilian telco Oi, which is reportedly lining up suitors to buy some or all of its business. The Chinese vendor has denied any interest in acquiring Oi or any other Brazilian operator, Reuters reported this weekend…read more on TotalTele.com »

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