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Brazils mobile market consolidates as Oi carved up by TIM, Claro and Telefonica
2020-12-16 01:00:00| Total Telecom industry news
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…read more on TotalTele.com »
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
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TIM, Telefonica and Claro granted right to match higher Oi mobile bids
2020-09-08 15:28:00| Telecompaper Headlines
(Telecompaper) TIM Brasil, Telefonica Brasil (Vivo) and Claro (America Movil) have been granted the right to match higher bids for the mobile assets of Brazilian operator Oi. Oi also announced that its creditors have approved the proposed changes to its debt restructuring plan.
Claro gets one step closer to Telefonica unit acquisitions in El Salvador
2020-08-19 02:00:00| Total Telecom industry news
America Movil’s Claro has been looking to purchase two of Telefonica’s units in El Salvador since May last year, but fears around the deal stifling competition have slowed the process…read more on TotalTele.com »
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Claro, TIM and Vivo enter exclusive talks to buy Oi mobile assets
2020-08-10 09:02:00| Telecompaper Headlines
(Telecompaper) Brazilian operator Oi has granted the consortium formed by Telefonica Brasil (Vivo), TIM and Claro exclusivity in negotiations to sell its mobile business. They would also qualify as a 'stalking horse' bidder, with the right to top other bids received for the assets.
Tags: buy
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