Banco BTG Pactual to try to buy Tim and re-sell mobile telephone operator stakes to Oi, Claro and Vivo
Banco BTG Pactual (Bovespa: BBTG11), the Brazilian investment bank, soon will try to buy Tim Participacoes (Bovespa: TIMP3), Brazil’s second-biggest mobile telephone company, and divide it up and resell it to Oi, Claro and Vivo, Brazilian newsweekly Veja reported. The magazine didn't give a source for the information.
Vivo, Brazil’s largest mobile telephone company, is owned by Spanish listed company Telefonica. Claro, controlled by Mexico’s America Movil, is the third-largest cell-phone operator in Brazil. America Movil, the largest mobile telephone company in Latin America, is controlled by Mexican billionaire Carlos Slim Helu.
Oi (Bovespa: OIBR4), a Rio de Janeiro-based listed company, is Brazil’s fourth-largest mobile telephone company.
Telecom Italia seeks about USD 12bn for its two-thirds stake in Tim, according to an unsourced report in Rio de Janeiro-based daily newspaper O Globo this February.
Source Veja