PT, Oi discussing merger?

25 Jun 2013

According to a report by Brazilian daily Folha de Sao Paulo, shareholders of Portugal Telecom (PT) and Brazilian telecoms group Oi SA are discussing a potential merger of the two companies. A combination of the businesses – which has not been confirmed by PT or Oi – would create an operator with 101 million customers and annual revenues of BRL64 billion (USD28.3 billion), with a presence in Portuguese-speaking countries. Oi was formed through the restructuring of Telemar Participacoes’ former operating divisions Brasil Telecom, Tele Norte Leste Participacoes, Coari Participacoes and Telemar Norte Leste.

Brazil, Portugal,Oi, Pharol (formerly Portugal Telecom SGPS [PT SGPS]),

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Feedback

Have feedback, corrections, or story ideas? Send them to editors@commsupdate.com.

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share