0
Wireless

TIM Brasil to resort to bank financing for Oi Movel purchase

Thursday 17 December 2020 | 17:15 CET | News
TIM Brasil CEO Pietro Labriola said that financing of the acquisition of Oi Movel, together with Vivo and Claro, will be done locally, through debt with banks or financial institutions, reports Ansa Brasil. Of the BRL 16.5 billion to be paid by the three operators, TIM's share will be BRL 7.3 billion for 40 percent of Oi's mobile customer base.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Claro / Oi / TIM Brasil / Vivo
Countries: Brazil
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.