TI head calls for regulatory clarity ahead of any Brazil deal - Mobile World Live

TI head calls for regulatory clarity ahead of any Brazil deal

27 OCT 2015

Telecom Italia’s CEO, Marco Patuano, wants Brazil to clarify regulations around fixed line concessions before discussing consolidation, he told Valor Economico in an interview.

Earlier this week it was reported that LetterOne, a private equity firm backed by Russian billionaire Mikhail Fridman, could invest $4 billion into debt-laden fixed-line giant Oi, if it merges with rival TIM Participacoes, TI’s Brazilian unit and the country’s second largest operator.

Patuano (pictured) said before such a deal is discussed, the issue of Oi’s fixed-line concession should be sorted out.

Oi, for its part, said it will carefully evaluate LetterOne’s proposal.

Last month, Patuano said the company will review its strategic plan for the country, with Brazil in the midst of its worst economic recession in a quarter of a century.

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Saleha Riaz

Saleha joined Mobile World Live in October 2014 as a reporter and works across all e-newsletters - creating content, writing blogs and reports as well as conducting feature interviews...More

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