Telecom Italia targets Brazil’s Oi

  •   
  •   
  •   
  •   

Telecom Italia is looking at acquiring Brazilian fixed-line telco and satellite broadcaster Oi in an attempt to boost local competitiveness and challenge Telefonica’s market position. Telecom Italia already has a small operation in Brazil (TIM Brazil) and has previously tried to buy another local operator GVT.

TIM Brazil is itself under threat of take-over with America Movil, Telefonica itself as well as Oi looking to acquire TIM Brazil. Oi, however, has a $20 billion debt load, and Bloomberg is reporting that TIM Brazil could afford a leveraged bid partly with its own stock and cash.


  •   
  •   
  •   
  •   

You must be logged in to post a comment Login