Three telecoms take inside track in race for Oi Móvel

Three telecoms take inside track in race for Oi Móvel

Corporate & Sovereign Strategy M&A Debt Brazil Latin America

Three telecommunication companies in Brazil – Claro, TIM and Vivo – can now match any competing offer to buy Oi's mobile phone business after their offer was named a "stalking horse" bid by the bankrupt carrier, according to securities filings. Claro, TIM and Vivo presented a revised offer in late July to buy Oi Móvel for BRL16.5 billion ($3.08 million) after Highline do Brasil bettered a previous bid in July. Highline, a mobile phone tower company backed by the US private equity firm Digital Co

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial