Brazilian telecoms firm Oi and Portugal Telecom, which had
been in a strategic alliance since 2010, agreed to merge in
October 2013. PT's shareholders would end up with 38% of the
new company and Oi's shareholders, with 62%. The transaction
was contingent on a large capital increase. PT subscribed to
the deal with assets, while shareholders of Oi's controller
Telemar also agreed to put in capital. The rest - at least 5
billion reais ($2.2...
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