Telefonica, TIM, Claro Revise Bid for Oi's Mobile Business to $3.21 billion
28 Julho 2020 - 2:49AM
Dow Jones News
By Kim Richters
Telefonica SA said Tuesday that its Brazilian subsidiary
Telefonica Brasil, TIM SA and Claro SA have revised their offer for
Oi SA's mobile business to 16.5 billion Brazilian Reais ($3.21
billion).
The telecommunications company said the takeover offer also
considers "the possibility of signing long term contracts for the
use of Oi Group's infrastructure."
Earlier in July the companies said they had submitted a binding
offer for the Brazilian carrier but didn't disclose the deal value
at the time.
Write to Kim Richters at kim.richters@wsj.com
(END) Dow Jones Newswires
July 28, 2020 01:34 ET (05:34 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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