TIM and Vivo Confirm Interest in Buying Oi’s Mobile Division Assets

During Futurecom 2019, executives from TIM and Vivo confirmed their interest in acquiring Oi's mobile division.

RIO DE JANEIRO, BRAZIL - The operators initially rejected speculations, but now they are openly discussing the subject: they can expand their frequency spectrum to compete with Claro, which will have greater power after its acquisition of Nextel.

Vivo's CEO, Christian Gebara, said that Vivo will always analyze assets available on the market and that the operator would be interested in acquiring Oi's frequencies should they be for sale. TIM's CEO, Pietro Labriola, said something similar: the company will evaluate a potential purchase if this generates profit for shareholders.

However, both executives state that the acquisition would be . . .

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