TIM/Oi talks cool down
The negotiations for a possible acquisition of TIM Participacoes by Oi have cooled down, Veja reported. The brief, unsourced Portuguese-language article did not disclose the reasons for the talks cooling.
Oi hired BTG Pactual in August last year to act as agent to help it prepare a proposal for the acquisition of TIM, which is controlled by Telecom Italia, as reported.
Veja