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    VIVT4   BRVIVTACNPR7

TELEFÔNICA BRASIL S.A.

(VIVT4)
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Brazil's Oi confirms new bid for mobile assets by TIM, Telefonica, Claro

07/28/2020 | 11:28am EDT

SAO PAULO, July 28 (Reuters) - Brazilian telecoms firm Oi SA confirmed on Tuesday in a securities filing that it received a new 16.5 billion reais ($3.2 billion) bid for its mobile assets from Telecoms Tim Participacoes, Telefonica Brasil and America Movil's Claro .

The new bid comes as Oi has begun exclusive talks with Highline do Brasil, a portfolio company of U.S. private equity firm Digital Colony. Oi said it is analyzing the new offer, while keeping previous agreements with bidders.

($1 = 5.16 reais)

(Reporting by Carolina Mandl Editing by Chris Reese)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMÉRICA MÓVIL, S.A.B. DE C.V. 2.01% 16.24 End-of-day quote.12.08%
OI S.A. -0.87% 2.27 End-of-day quote.-19.50%
TELEFÓNICA, S.A. -0.46% 4.0795 Delayed Quote.25.72%
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Chart TELEFÔNICA BRASIL S.A.
Duration : Period :
Telefônica Brasil S.A. Technical Analysis Chart | VIVT4 | BRVIVTACNPR7 | MarketScreener
Managers and Directors
NameTitle
Christian Mauad Gebara Chief Executive Officer & Director
David Melcon Sanchez-Friera Chief Financial & Investor Relations Officer
Eduardo Navarro de Carvalho Chairman
Francisco Javier de Paz Mancho Director
Luiz Fernando Furlán Director
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