Three-pronged Brazil mobile assault can succeed LJucca
A consortium comprising TIM Participacoes, majority-owned by Telecom Italia, Telefonica Brasil and America Movil's Claro have raised its bid to buy the mobile assets of Brazilian telecom group Oi out of bankruptcy for 16.5 billion reais , Reuters reported on July 28.
The new offer comes after Oi said it had begun exclusive talks with another potential buyer, called Highline do Brasil, a portfolio company of U.S. private equity firm Digital Colony Management, Reuters added.
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