Tag: Telecom
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Brazil Says Any Oi-TIM Deal Would Be Studied Closely
The Brazilian government would study any potential merger or acquisition agreement between telephone companies Oi SA and TIM Participações SA closely to avoid too much concentration in the sector, Communications Minister André Figueiredo said Tuesday.Oi announced Monday that LetterOne, an investment firm led by Russian billionaire Mikhail Fridman, is planning to invest $4 billion in…
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Mikhail Fridman Proposes $4 Billion Investment in Oi of Brazil
The Russian oligarch Mikhail Fridman may spend as much as $4 billion to expand his telecommunication holdings into South America.On Monday, the Brazilian telecommunications company Oi said that Mr. Fridman’s investment group, LetterOne, had given it a proposal to invest in a possible merger of Oi with Telecom Italia’s local operator, TIM Participações. “In accordance…
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Telecom Italia may exit Brazil and towers, as deep review continues
Telecom Italia continues to go through the painful process of adjusting to the modern world, facing recessionary pressures at home and in its former growth engine in Brazil. Italy has been suffering from the Eurozone recession since the 2008 crash, and this has helped make Telecom Italia (TI) the center of persistent takeover rumors. It…
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Apple’s main rival, the Chinese Xiaomi arrives in Brazil with smartphones at R$ 499 (aprox. US$ 160)
Chinese giant Xiaomi finally landed in Brazil. After suggestive pictures on Facebook and suspense, the company announced on Tuesday (30) that it has begun to sell: the Redmi 2 smartphone, the activities monitor Mi Band and the PowerBank super charger. The smartphone is the flagship: direct competitor of the iPhone 6, the Redmi has 4.7-inch…
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TIM Brazil Launches Pay TV Offer
TIM Brazil yesterday launched a device that will integrate free digital TV content, Netflix, YouTube and TV pay by TV Alphaville. The new device, called Live TIM Blue Box, is a company’s bet in offering pay TV content and get closer to the offering of the other major carriers – Oi, Telefonica and Claro (the…
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CADE rejects Telefónica and Telecom Italia merge. Vodafone is arriving in Brazil?
Brazilian antitrust authority, Administrative Council for Economic Defense (Cade) rejected Telefónica’s (TEF) embargoes and kept the fine of BRL 15 million that was imposed on the company for breach of the agreement signed in 2010, by which it should stay away from TIM (TSU), controlled by Telecom Italia (TI). Official Announcement With the negative for…