Brazil’s mobile market consolidates as Oi carved up by TIM, Claro and Telefonica
by Harry Baldock, Total Telecom
Wednesday 16 December 20
A joint bid of around $3.2 billion will see Oi’s major rivals divide its mobile business between themselves
Back in summer, Brazil’s Oi, having struggled under financial pressure for some time now, made plans to split off its mobile business and prepare for a sale. The company sought around 15 billion reais ($2.9 billion) for the unit, with the funds raised to be used to reduce debt and further Oi&rsquo…
Back in summer, Brazil’s Oi, having struggled under financial pressure for some time now, made plans to split off its mobile business and prepare for a sale. The company sought around 15 billion reais ($2.9 billion) for the unit, with the funds raised to be used to reduce debt and further Oi&rsquo…
TT PREMIUM CONTENT
If you are a subscriber login here
To access premium content you need to upgrade your account. To find out more click here
We are having trouble showing you adverts on this page, which may be a result of ad blocker software being installed on your device. To view the article please disable any ad blocking software