Home › Claro, TIM and Telefonica confirm takeover of Oi Movel for BRL 16.5 billion
 

Keywords :   


Claro, TIM and Telefonica confirm takeover of Oi Movel for BRL 16.5 billion

2020-12-15 10:34:00| Telecompaper Headlines

(Telecompaper) The joint bid of TIM Brasil, Telefonica Brasil and Claro Brasil for Oi's mobile business has been declared the winner, with an offer of BRL 16.5 billion (EUR 2.7 billion). The three rivals increased their bid in July and entered exclusive talks with Oi in August. No higher bidders appear to have emerged, allowing the three companies to divide up the business amongst themselves. 

Tags: confirm tim billion claro

Category:Telecommunications

Latest from this category

All news
»
03.01Practical tips to save on energy bills this winter
03.01'People are choosing between feeding their pets or themselves'
02.01How K-beauty went from a viral trend to an economic powerhouse
02.01Woman felt 'dehumanised' after Musk's Grok AI used to digitally remove her clothes
02.01Charity provides hot lunches as temperatures drop
02.01Join the National Hog Farmer 2026 New Product Tour
02.01McDonalds faces lawsuit over McRibs alleged misleading branding
02.01Life lessons beyond the barn
More »