Bloomberg reports that the financial troubles weighing on Telecom Italia (TI) have led financial institutions such as Barclays and BTIG to predict that the Italian firm will sell its Brazilian asset TIM Participacoes (TIM Brasil), a move which, if realised, would dramatically shake-up the world’s fifth largest cellular market. The press agency cites a team of Barclays analysts led by Jonathan Dann as saying that any breakup of TIM Brasil – the country’s number two player – would likely see its assets and subscriber base divided up between its rivals, as the watchdog Anatel would not sanction an outright takeover by a single competitor to prevent a monopoly developing. Additionally, an analyst at BTIG in New York has suggested that the sale could even attract the likes of Vodafone Group to consider buying a stake or all of TIM Brasil. The Brazilian telco’s press office in Rio de Janeiro referred all questions on the matter to TI, where a spokesman in Milan declined to comment.
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