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Mexico: America Movil looking at Brazilian acquisition

By  |  September 21, 2016

America Movil’s CEO announced that the company is interested in acquiring part or all of struggling Brazilian telecom company Oi SA.

In June, Oi filed for protection from creditors in a $20 billion bankruptcy case, which is also the nation’s largest to date.

Analysts have highlighted potential asset sales that Oi outlined in its court recovery plan, including data centers, fiber networks and mobile operations, but added that no deals are likely until Oi concludes its six-month in-court reorganization and Congress passes a new telecom law expected in the first half of next year.

Full Content: Reuters

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