Oi’s tower deal marks the beginning of the end
Brazil’s Oi is getting closer to selling itself out of existence, announcing this week the disposal of a portfolio of fixed infrastructure assets to local player Highline.
Telecoms.com
Oi
Brazil approves reduction in mobile players, with conditions
Brazil’s antitrust body has given the green light to the proposed acquisition of mobile operator Oi by its three rivals, but has imposed a series of conditions on the deal in a bid to preserve competition.
Brazil to lose MNO as Oi selects rivals for acquisition
Brazilian telco Oi has selected its trio of rivals as the acquirers of its mobile business unit, signalling competition in the market is about to shrink.
Bidding war for Brazil’s Oi begins to emerge
Telecom Italia, American Movil and Telefonica have renewed a joint effort to purchase Oi’s mobile business unit after being outbid by US private equity firm Colony Capital.
US firm swoops into Brazil with Oi bid
It’s three domestic rivals might have teamed up to buy out the competition, but it appears US private equity firm Colony Capital sees potential in the Brazilian telecoms market.
TIM, Claro and Telefonica table joint bid for Brazil’s Oi
Brazilian telecoms operator Oi has received a joint bid from its three rivals to acquire its mobile business unit, as the firm searches for cash to fight back against bankruptcy.
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).
Telefonica and TIM circling bankrupt Oi for Brazil expansion
With the troubles of Brazilian telco Oi plain for everyone to see, Telecom Italia and Telefonica are sniffing out an opportunity for growth in market with significant potential.
Oi makes Brazil’s largest ever bankruptcy filing
Latin America’s biggest telecoms company – Brazil’s Oi – has filed for what is the country’s largest ever bankruptcy.
Nokia and Oi to create Latin America’s first IoT lab
Equipment maker Nokia Networks and mobile operator Oi Brasil are to create Latin America’s first ever lab for LTE-based Internet of Things experiments.
Altice continues multiplay crusade with €7.4bn Portugal Telecom acquisition
Acquisitive French telco Altice wasted little time after sealing the SFR deal before announcing it has entered into exclusive negotiations to acquire the Portuguese assets of Portugal Telecom from Brazilian telco Oi for €7.4 billion.
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.
Altice bids for Portugal Telecom
France-based cable group Altice has made an official bid to acquire the Portuguese assets of Portugal Telecom (PT) from Brazilian Oi for €7.03 billion. The assets in question include the Portuguese incumbent’s business excluding African operations, its Rioforte debt securities, Oi treasury shares and PT’s financing vehicles.
Telecom Italia to sell stake in Argentina unit
Telecom Italia has announced it is to sell 17% stake of its subsidiary, Telecom Argentina to New York-based investor firm Fintech. The Italian incumbent said it plans to sell Telecom Argentina’s holding company Sofora’s entire shareholding to Fintech once it has received regulatory approval from the Argentinian regulator SECOM.
Telecom Italia and AT&T both mull LatAm acquisitions
Telecom Italia is said to be weighing up the possibility of buying Brazilian telco Oi in a bid to strengthen its local arm TIM Brazil) position in the South American market, where it looks likely to get squeezed if Telefónica’s purchase of GVT goes through as planned.
Telefónica to part with Telecom Italia after GVT purchase
Telefonica has announced it will completely exit from Telecom Italia once its deal to acquire GVT from Vivendi, as agreed last week, is finalised. This means an end to a period of tense relations between the Spanish and Italian operators as they have battled over the Brazilian arm of Vivendi, and the chance to create a stronger local unit to compete in the Brazilian market.
Portugal Telecom and Oi compromise over debt to keep merger alive
In a bid to rescue their proposed merger Brazilian operator Oi will get a bigger piece of the combined operation – CorpCo – in return for helping Portugal Telecom (PT) out with €847 million of defaulted debt from Rioforte, which had threatened to scupper the move.
NSN reports drop in sales; scores Brazil and China contract wins
Infrastructure vendor Nokia Solutions and Networks (NSN) announced that its 3Q13 sales have dropped 24 per cent year on year to reach €2.59m.
WeDo to offer roaming and rating solutions through PT cloud
Portuguese business assurance specialist WeDo Technologies has announced a partnership with incumbent operator Portugal Telecom (PT) that will see the firm’s rating validation and roaming management solutions offered on a SaaS model as part of PT’s new enterprise cloud offering, SmartCloudPT.
Brazil’s Oi to merge with Portugal Telecom
Brazilian operator Oi and its largest shareholder Portugal Telecom have agreed to merge into a combined entity called CorpCo. The deal is expected to enable CorpCo to generate operational and financial synergies, with a net present value (NPV) of approximately R$5.5bn ($2.5bn) and benefit from increased scale.
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