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Daily News October 26, 2015

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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 […]
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