A trio of companies is reportedly planning to offer $15 billion to acquire Brazil wireless operator Tim.
Unnamed sources say Oi, Telefonica and Claro are all planning to team up for the bid for the nation’s smallest wireless carrier. The transaction would be part of a broader shakeup for Brazilian and Portuguese wireless assets as Telecom Italia divests its 67 percent ownership in Tim and Oi unloads its Portuguese operations this week.
The bid would be submitted by financial vehicle Grupo BTG Pactual, which would then split the assets into three parts, reports say. Oi would take on 25 percent of the company, while the rest of the assets would be split between America Movil-owned Claro and Telefonica.
The companies have not yet confirmed the reports.
Full content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Judge Mehta Questions Both Sides in Landmark Google Antitrust Case
May 2, 2024 by
CPI
FCC Urges Urgent Funding for Removal of Chinese Telecom Equipment from U.S. Networks
May 2, 2024 by
CPI
Former Pioneer CEO Facing Potential Criminal Charges For Colluding With OPEC
May 2, 2024 by
CPI
South Korea’s Antitrust Regulator Greenlights K-Pop Powerhouse Deal
May 2, 2024 by
CPI
Exxon’s Pioneer Purchase Approved, Former CEO Barred from Board
May 2, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI