Wednesday, 20 June 2018

TIM Brasil's rivals team up for joint bid

By Mary Lennighan, Total Telecom
Tuesday 09 September 14

America Movil will hold talks with Oi, Telefonica also expected to take part; deal could be worth €12bn-€13bn, newspaper speculates.

TIM Brasil's rivals are working on a joint bid for the company and will present an offer to parent company Telecom Italia within the next month, according to a local press report. America Movil on Monday confirmed that it will join Oi in a joint offer for TIM, O Estado de Sao Paulo reported. Oi in August announced it had hired Banco BTG Pactual to advise it on a possible acquisition of Telecom Italia's stake in TIM Brasil…

TIM Brasil's rivals are working on a joint bid for the company and will present an offer to parent company Telecom Italia within the next month, according to a local press report. America Movil on Monday confirmed that it will join Oi in a joint offer for TIM, O Estado de Sao Paulo reported. Oi in August announced it had hired Banco BTG Pactual to advise it on a possible acquisition of Telecom Italia's stake in TIM Brasil…

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