Type to search

Daily News October 26, 2015

Fridman offers $4 billion to merge Brazil’s Oi and Tim Russian billionaire Mikhail Fridman has emerged in Brazil with a $4 billion pledge to prop up a local phone company and hasten consolidation in Latin America’s largest telecommunications market. The proposal to contribute funds to Oi SA through Fridman’s LetterOne is conditional upon the carrier agreeing to a combination with rival Tim Participacoes SA, the company controlled by Telecom Italia SpA, according to a filing from Oi. Bloomberg reports. Macri and Scioli tied in race for Argentina President Candidates each had 35.4 percent of the votes with nearly 80 percent […]
To read this post, you must purchase a Latin Trade Business Intelligence Subscription.
Scroll to top of page