Business

Telefónica and Tim announced their interest in jointly buying group Oi

The subsidiaries in Brazil of the Spanish Telefónica and the Italian Tim announced this Wednesday their interest in jointly buying the mobile business of the Brazilian group Oi. Oi is the fourth largest operator in the Brazilian market, with a share of 16.2% and 37 million mobile customers. Oi mobile assets are valued, in total, at approximately R$18 billion ($4.5 billion).

Source: El Pais

Categories: Business