Telecom Competitors’ Consortium Bids R$16.5 Billion to Acquire Brazilian Oi Mobile

TIM is expected to keep the largest share of Oi Mobile, as part of the group's strategy to reduce resistance from a regulatory and competitive standpoint.

RIO DE JANEIRO, BRAZIL -The Brazilian telecommunications market will experience one of the main chapters in its history as of Monday with the auction of Oi. The preference for the purchase lies in the consortium formed by rivals Vivo, TIM and Claro, which have already placed a proposal for R$16.5 billion.

The other potential candidate is Highline do Brasil, which made a formal proposal whose exact amount has not been disclosed, but which was ultimately topped by the trio. After that, Highline publicly announced that it will not stay in the game.

The potential split of Oi Mobile . . .

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