Brazil

Oi puts $2.8bn price tag on its mobile business

Brazilian converged telco Oi has said it will be moving forward with the sale of its mobile business unit, listening to offers which exceed 15 billion Brazilian Real ($2.8 billion).

Huawei opens NB-IoT lab at Vodafone HQ

Telecoms giants Huawei and Vodafone have announced the opening of what they claim is the world’s first open lab dedicated to the development of narrowband IoT.

Telecom Italia set to buy out broadcasting division

Telecom Italia has announced it is planning to buy out its media division of which it already owns 78%. The telco said the incorporation of Telecom Italia Media (TI Media), which has been publicly traded for over a decade, has been approved by board members on the basis of simplifying and rationalising the group structure.

Telecom Italia sells Brazilian towers, mulls tie-up with Oi

Telecom Italia has announced the sale of its Brazilian towers to American Tower Corp for approximately €900 million, the price tag it set out to achieve in the first place. The telco also confirmed it is weighing up its options overall in the Brazilian market, and that it is considering a tie-up of its subsidiary Tim Participações with local competitor Oi.

Vivendi agrees Brazilian exit

French conglomerate Vivendi said Friday that it has finally agreed a deal for the sale of its wholly owned Brazilian operation, GVT, to European carrier Telefónica. The agreement, signed Thursday, includes a payment of €4.66bn in cash.

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