Telefônica and TIM Negotiate Joint Purchase of Oi Group’s Mobile Business

Oi's renegotiated debt today stands at approximately R$14 billion (US$3.5 billion). With the sale of the mobile telecommunication sector, the company may raise up to R$18 billion, according to market estimates.

RIO DE JANEIRO, BRAZIL - In market announcements, Telefônica - owner of Vivo- and TIM reported that the two companies have Subscribe to our Premium Membership Plan. Already Subscribed?