Telecom Italia put out a stock exchange statement Sept 17 firmly denying reports that its Brazilian subsidiary was interested in buying Oi, a Brazilian telco and satellite broadcaster.

The filing denied numerous media reports that Telecom Italia was speaking to advisors about using TIM Brasil to buy Oi in a move to challenge local rival Telefonica and counter an initiative by America Movil, Telefonica and Oi itself to launch a bid of around EUR 12-13 billion for TIM Brasil.

Meanwhile on September 17th   Oi sold its 75 percent stake in Africatel.

Other posts by :

1. 36 major airlines now committed to Starlink
2. Quilty: Top 5 Washington Satellite show takeaways
3. Space Wars: Starlink vs Amazon Leo
4. Eutelsat seeks ISRO deal for launches
5. Virgin Galactic sets prices for space tourists
6. Devas vs Antrix rumbles on
7. Shotwell makes TIME front cover
8. Suitors eye Globalstar
9. SpaceX: IPO offer in days?

Categories: Articles, Broadband, Business, M&A, Telco