Oi


Telcos launch joint bid for Brazilian Oi’s mobile business

A number of top telcos have launched a joint offer for bankrupt Brazilian operator’s Oi mobile unit. According to filings from Saturday, TIM Participacoes, Telefonica Brasil and America Movil SAB de CV have offered to buy the unit, though terms have not been disclosed. Reuters adds that the companies have asked for the right to […]

Portugal Telecom shareholders approve sale to Altice

Portugal Telecom’s shareholders have approved the sale of the company’s domestic assets to Altice, the owner of French cable and telecoms giant Numericable-SFR. The approval of the agreement by a 98% majority of shareholders, despite the opposition of some minority shareholders, paves the way for completion of a deal that will see the Luxembourg-based entity […]

Oi approves sale of Portugal Telecom to Altice

Brazilian telco Oi has approved the sale of its shares in Portugal Telecom to France’s Altice for €7.4 billion. In a statement announcing the move, Oi said it will transfer to Altice all the shares issued by Portugal Telecom for an enterprise value of €7.4 billion, adjusting for cash and debt and including an earn-out […]

Drahi reportedly in exclusive talks to buy Portugal Telecom

French cable and telecom investor Patrick Drahi has reportedly entered into exclusive talks to buy Portugal Telecom’s domestic assets after tabling at €7.4 billion bid. According to French financial daily Les Echos, Drahi’s Altice investment vehicle has entered into exclusive talks with Brazil’s Oi to buy the Portuguese telco. The paper said that Altice had […]

Current Oi and former PT chief Bava resigns

Zeinal Bava, the CEO of Brazilian telco Oi, and the former Portugal Telecom chief executive, has resigned his position. Bava had been subject to criticism following Oi’s botched merger with Portugal Telecom. The Portuguese telco’s merger with the Brazilian company ran into trouble as a result of the collapse of shareholder Portuguese bank Espirito Santo […]

Portugal Telecom sees TV growth in tough market

Portugal Telecom’s Meo service saw residential and commercial pay TV subscribers rise 6.9% year-on-year and by 20,000 customers quarter-on-quarter to reach 1,334,000 at the end of March.  Portugal Telecom’s triple-play base increased by 37,000 in the quarter to March to reach 989,000, up 14.7% year-on-year. In the Portuguese residential market, the group had 1.168 million […]

Pay TV boost for Portugal Telecom, Brazil’s Oi refocuses offering

Portugal Telecom’s pay TV base grew by 7.5% in the course of 2013 to 1.315 million subscribers, while the company’s triple-play base increased by 14.3% to 952,000 – representing 45.8% of its customer base.  The company said its share of the Portuguese pay TV market grew from 39.2% in 2012 to 41.4% in 2013. Portuguese […]

Oi and Portugal Telecom to merge to create Brazil-based mega-telco

Portugal Telecom and Brazilian telecom operator Oi have signed a Memorandum of Understanding to merge their companies in a move that would see the creation of a combined entity headquartered in Rio de Janeiro.  The merger follows the creation of a strategic alliance led by former Portugal Telecom and Oi CEO Zeinal Bava in 2010. […]

SES launches SES-6 satellite, signs up Oi Brazil

Satellite operator SES has successfully launched its SES-6 satellite and signed Brazilian telco Oi as a new anchor customer.  Oi becomes the largest user of the new satellite through the long-term capacity agreement to provide DTH services in Brazil. Oi chief operating officer James Meaney said the extra satellite capacity would allow the firm “to […]