TIM Brasil scotches Oi SA, GVT merger rumours

21 Jul 2014

TIM Participacoes (TIM Brasil), Brazil’s second largest wireless carrier by subscribers, last Friday denied it is holding negotiations with rivals Grupo Oi SA and Global Village Telecom (GVT) for a possible merger or a takeover bid, Reuters reports. TIM Brasil submitted a securities filing dismissing a report in the Valor Economico newspaper claiming that obstacles surrounding a merger between Oi and Portugal Telecom (PT) were forcing Vivendi-backed GVT to consider a tie-up with TIM Brasil. ‘We come here to inform our shareholders, markets in general and whom this may concern that there is no negotiation in place between the company and Oi, or the company and GVT, involving any potential acquisitions or business combination – as cited by the report,’ the filing noted.

Brazil,Global Village Telecom (GVT), TIM Participacoes (TIM Brasil), Oi,


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

Subscribe to CommsUpdate


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

Browse Past Issues


Filter CommsUpdate by the following categories or use the search.


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


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.