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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.
Telecom Italia considering Oi takeover bid - report
2014-09-17 08:30:00| Telecompaper Headlines
(Telecompaper) Telecom Italia is evaluating the possible acquisition of Brazilian operator Oi in a move to challenge local rival Telefonica, reports Bloomberg, citing unnamed sources close to the talks. No approach has yet been made but the Italian group is said to be speaking to advisors about using its local unit TIM Brasil to buy Oi, and thus strengthening its fixed-line network to sell broadband services after losing out to Telefonica in a bid to merge with another Brazilian operator, GVT. A takeover of Oi would be a way of countering an initiative by rivals America Movil, Telefonica and Oi itself to launch a BRL 30 billion bid for TIM Brasil, which recent reports in the Brazilian press have indicated could occur by 30 September. Any bid for Oi would have to take on the Brazilian operator's almost USD 20 billion in net debt, but TIM Brasil can afford a leveraged deal for Oi, partly financing it with its own stock, according to analysts cited in Bloomberg's report.
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Telecom Italia looking at Oi buy
2014-09-17 02:00:00| Total Telecom industry news
M&A rumours in Brazil continue as Telecom Italia hires advisors to look at bulking up TIM through acquisition of rival.
Telecom Italia wants 13bn for Brazil stake
2014-09-10 02:00:00| Total Telecom industry news
Italian telco reportedly looking for offers of at least 11 times EBITDA for TIM Brasil.
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brazil
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Telecom Italia pushes for green light on Argentina stake sale
2014-09-06 16:57:11| Telecom - Topix.net
Telecom Italia, which agreed to sell its stake in Telecom Argentina to Fintech last year for $960 million , has already pushed back completion of the sale twice while awaiting regulatory approval. The deadline, originally set for early August, has now been delayed to Sept.
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