Sunday, 11 December 2016

LetterOne withdraws Oi funding offer as TIM walks away

By Nick Wood, Total Telecom
Friday 26 February 16

Russian investment group still on lookout for opportunities in Brazil; Oi shares plunge.

Shares in Brazil's Oi plunged this week after its ambitious plan to merge with TIM Brasil collapsed. Russian investment group LetterOne (L1) Technology – which had pledged to plough US$4 billion into Oi if it struck a deal with Telecom Italia's local unit &ndash…

Shares in Brazil's Oi plunged this week after its ambitious plan to merge with TIM Brasil collapsed. Russian investment group LetterOne (L1) Technology – which had pledged to plough US$4 billion into Oi if it struck a deal with Telecom Italia's local unit &ndash…

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