Oi hires BTG to consider Tim bid

Oi hires BTG to consider Tim bid

M&A

Brazilian telecom Oi has hired BTG Pactual to negotiate an acquisition of Telecom Italia’s stake in Tim Participacoes. As an agent “in its own name and on behalf of Oi”, BTG will look at options for an acquisition, Oi said. The news comes as both Tim and Oi advance with separate acquisition projects. Telecom Italia said in the first quarter it was scrutinizing its 67% holding of Tim Brasil. Earlier this month, Tim said its controller was considering putting forward a proposal to merge Tim with B

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