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Brazil’s Oi and the parent companies of its rival operators, America Movil (AMX) and Telefonica, have reportedly agreed to make a joint bid to acquire and break up TIM Brasil, the country’s second-largest player.
The three operators are looking to pay R$31.5bn (US$13.1bn) for Telecom Italia’s (TI) Brazilian unit, although the offer has not yet been finalised, according to an unsourced report in Brazilian newspaper Folha de S. Paulo.
South African telecoms operators MTN and Vodacom are both reportedly considering buying a stake in one of the African units recently put up for sale by Brazilian telco Oi.
The two companies are specifically looking at buying a minority stake in Unitel, Angola’s largest mobile operator, according to a Bloomberg report citing four people familiar with the situation.
US internet service providers Level 3 Communications and TW Telecom have closed their merger to create a B2B operator with a total enterprise value of US$25bn.
The completion follows regulatory approval from US regulator the FCC at the end of last week and shareholders in both telcos voting overwhelmingly in favour of the transaction on Tuesday.
Japanese telco Softbank is reportedly reviewing a potential bid for America Movil’s (AMX) Mexican wireless assets.
The company has mandated Marcelo Claure, CEO of Softbank-controlled US carrier Sprint Corp, to gather information on the assets put up for sale by the Mexican incumbent, according to the Wall Street Journal citing people familiar with the situation.
India’s four largest mobile operators have reportedly called upon the telecoms minister to defer the upcoming spectrum auction until enough additional airwaves are available.
In a joint letter to Ravi Shankar Prasad, a copy of which has also been sent to Prime Minister Narendra Modi, the CEOs of Bharti Airtel, Vodafone India, Idea Cellular and Reliance Communications echoed regulator Trai’s recent recommendations to boost spectrum reserves before an auction is held, local media reported.
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