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Telefonica set to cut TI ties

Telefonica is planning to sell its remaining shares in Telecom Italia (TI) after completing the acquisition of Brazilian fixed operator GVT from Vivendi, according to Reuters. The Spanish company offered Vivendi the rights to its remaining shares in TI, which …


Oi seeks partners for TIM bid — report

Oi, the Brazilian integrated operator, is believed to be looking for partners with which to make a bid for Telecom Italia’s controlling stake in TIM Participacoes. Bloomberg sources said the company’s adviser, Banco BTG Pactual, is talking with Telefonica and …


Oi interested in TIM stake

Oi, the Brazilian integrated operator, is preparing to bid for a majority stake in rival TIM Participacoes, as consolidation in the country remains on the cards. Rio-based Oi said it has asked Banco PTG Pactual SA to review options “with …