Brazil telecom TIM sees synergies from Oi deal at up to $3.96 bln

Telefonica Brasil, SA

25/04/2022 10:56

SAO PAULO, April 25 (Reuters) - Brazilian telecom firm TIM
SA  TIMS3.SA  said late on Sunday it expects the acquisition of
part of Oi SA  OIBR4.SA  mobile operations in the country to
result in an overall value creation of up to 19 billion reais
($3.96 billion) for the company.
    TIM, which is controlled by Italy's Telecom Italia SpA
 TLIT.MI , said the net present value (NPV) forecast takes into
account commercial and infrastrutucre-related synergies. The
lower end of the estimate was set at 16 billion reais.
    According to the company, 45% of such synergies should be
captured by 2030.

 (Reporting by Gabriel Araujo, edting by Louise Heavens)
 ((Gabriel.Araujo2@thomsonreuters.com; +55 11 5644 7745;))