In a bid to rescue their proposed merger Brazilian operator Oi will get a bigger piece of the combined operation – CorpCo – in return for helping Portugal Telecom (PT) out with €847 million of defaulted debt from Rioforte, which had threatened to scupper the move.
Telecom Italia is said to be weighing up the possibility of buying Brazilian telco Oi in a bid to strengthen its local arm TIM Brazil) position in the South American market, where it looks likely to get squeezed if Telefónica’s purchase of GVT goes through as planned.
Telefonica has announced it will completely exit from Telecom Italia once its deal to acquire GVT from Vivendi, as agreed last week, is finalised. This means an end to a period of tense relations between the Spanish and Italian operators as they have battled over the Brazilian arm of Vivendi, and the chance to create a stronger local unit to compete in the Brazilian market.
Infrastructure vendor Nokia Solutions and Networks (NSN) announced that its 3Q13 sales have dropped 24 per cent year on year to reach €2.59m.
Portuguese business assurance specialist WeDo Technologies has announced a partnership with incumbent operator Portugal Telecom (PT) that will see the firm’s rating validation and roaming management solutions offered on a SaaS model as part of PT’s new enterprise cloud offering, SmartCloudPT.
Brazilian operator Oi and its largest shareholder Portugal Telecom have agreed to merge into a combined entity called CorpCo. The deal is expected to enable CorpCo to generate operational and financial synergies, with a net present value (NPV) of approximately R$5.5bn ($2.5bn) and benefit from increased scale.
Brazilian telco Oi has offloaded non-core assets to bring in a total of around Real2.4bn (€820m).
The company said Monday that it has agreed to sell its majority stake in undersea cable operator Brasil Telecom Cabos Submarinos and its connected subsidiaries in Venezuela, Colombia, Bermuda and the US, which operate under the GlobeNet brand to Brazilian investment fund Banco BTG Pactual for Real1.74bn.
The CEO of Portugal Telecom (PT) has been appointed to lead Brazilian operation Oi, in which PT holds a 23.34 per cent stake. At a WeDo Technologies user group in May Bava spoke at length about the importance of Brazil as a growth market where he would look to apply lessons learned in Portugal.
Brazilian operators Vivo and Oi have selected their suppliers for their LTE networks. Vivo, Telefônica subsidiary in the country, has announced that Swedish vendor Ericsson will supply and implement its 4G network in the North and Mid-Western regions of Brazil, as well as the states of São Paulo, Minas Gerais, Bahia and Sergipe.
Boaventura, Oi, Brazil: “LTE is one the most impressive frameworks and has brought about several technology innovations.”
Alberto Boaventura is a technology consultant for Oi, Brazil, with a focus on technology strategy and service integration. He is presenting on Day One of the LTE Latin America 2012 conference taking place on the taking place on the 17-18 April 2012 at the Windsor Barra Hotel, Rio de Janeiro, Brasil. Here he gives his views on FDD and TDD spectrum for LTE, the timelines for VoLTE and the innovations present in the LTE industry.
Infrastructure and services provider Nokia Siemens Networks has announced that it is to outsource a portion of its own activities to Finnish managed services player Tieto. Meanwhile the conclusion of one of the vendor’s own outsourcing deals, with Brazilian mobile operator Oi, has allowed it to cut another 3,500 workers from its roster.
Spanish carrier Telefónica said Wednesday that it has finally reached an agreement with Portugal Telecom over the acquisition of Brazilian operator Vivo.
The proposed mega merger between Brazilian carriers Telemar Participacoes, which operates under the Oi brand, and fixed line operator, Brasil Telecom, moved a step closer to reality this week as the local regulator gave preliminary approval for the deal. The acquisition was first announced in April, when Telemar announced plans to pay out Reais5.9bn (Eur2.26bn) [...]
Brazilian carrier Tele Norte Leste Participacoes, which operates under the Oi brand, said Thursday it is in discussions to acquire fixed line rival Brasil Telecom. Local media have valued the deal at around $2.7bn. “Regarding possible investments in other fixed and mobile telecom companies, specifically in relation to Brasil Telecom Participacoes S.A., we inform that [...]