Oi to consider all options for telecoms consolidation in Brazil
Oi, the Brazilian telecom, is taking into account all available options for the consolidation of the telecommunications industry in Brazil, according to a newswire report.
When asked about a potential meerger with peer TIM, CEO Bayard Gontijo told Reuters that Oi is not prejudiced against any type of combination.
The company would carry out consolidation efforts not through issuing debt or shares, but from the proceeds of the sale of its assets in Portugal, the Portuguese-language item said.