RIO DE JANEIRO, BRAZIL - The trio Telefônica Vivo, TIM Participações, and Claro is ready to take over Highline's position and negotiate an agreement with Oi to start the auction of Oi Móvel. The group offered R$16.5 billion (US$3.3 billion) - ten percent above the minimum price wanted by Oi. The largest buyer of the three is TIM Participações, with a slice ranging from R$7 to R$8 billion of the total. Claro is the company with the lowest share of the pie.

Rumors have been spreading that Highline,Subscribe to our Premium Membership Plan. Already Subscribed? Login Here