Oi denies sales rumors

Oi denies sales rumors

M&A Telecoms Brazil Europe Mexico

Brazil's Oi has denied reports that it could be sold in parts to three different telecommunications companies, saying it is focused on cutting costs and carrying out its investment plans. The local newspaper O Estado de S.Paulo reported on Wednesday that Oi could sell its mobile phone division to Telecom Italia, which owns TIM Brasil, or Spain's Telefónica, which owns Vivo in Brazil. The paper also said Oi is in talks with AT&T and China Telecom. The plan to divvy up Oi and sell it to teleco

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