Friday, 17 September 2021

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…

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