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Telecom Italia decides no need to rush for Oi in Brazil - sources

2014-12-12 18:38:28| Telecom - Topix.net

Telecom Italia has concluded it cannot make a move in the expected consolidation of the Brazilian market, where it controls the second biggest mobile operator, until the corporate turmoil abates at prospective merger partner Oi, according to sources familiar with the matter. Oi also needs to cut its debt and costs before Telecom Italia makes a move, one of the sources said.

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