Telefónica Brazil expects to incorporate Oi Telecom’s assets this year

At the end of January, the Brazilian subsidiaries of Spain's Telefónica (Vivo), Mexico's América Móvil (Claro), and Telecom Italia (TIM) formalized the contract for the purchase and sale of Oi's mobile network, worth R$16.5 billion (about US$3.2 billion).

RIO DE JANEIRO, BRAZIL - The president of Telefónica Brasil, Christian Gebara, expressed on Wednesday (28) his confidence that the telecommunications company Oi, acquired at auction together with its other two major competitors in the local market, will be incorporated before the end of the year.

"The expectation of approval is for this second semester. An approval in all spheres, both on the regulatory and competitive sides," Gebara said in a teleconference with journalists to comment on the company's second-quarter results.

At the end of January, the Brazilian subsidiaries of Spain's Telefónica (Vivo), Mexico's Am . . .

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