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
20.01Redefining Detection Engineering and Threat Hunting with RAIDER
Telecommunications »
29.01Planning bids for new homes rise in England but building remains low, data suggests
29.01H5N1 Risk to Swine Research Program seeks 2nd round of proposals
29.01duBreton responds to Canada's approval of the PRRS-resistant pig
29.01Boss of Post Office IT scandal firm Fujitsu to step down
29.01Winter lice hit cattle hard this season
29.01Ministers reject Waspi calls for compensation after rethink
29.01Ministers reject Waspi calls for compensation after rethink
29.01Cattle on Feed suggests continued tight supplies and limited heifer retention
More »