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VIV - Telefonica Brasil SA News Story

$7.98 0.2  2.7%

Last Trade - 05/03/21

Sector
Telecoms
Size
Large Cap
Market Cap £13.02bn
Enterprise Value £13.97bn
Revenue £5.48bn
Position in Universe 617th / 6651

BRIEF-Telecom Italia Says Oi Group Proposes Offer Of TIM Brasil-Vivo-Claro To Creditors' Meeting With Stalking Horse Status

Tue 8th September, 2020 12:37pm
Sept 8 (Reuters) - Telecom Italia SpA  TLIT.MI :
    * OI GROUP PROPOSES OFFER OF TIM BRASIL-VIVO-CLARO TO
CREDITORS'
MEETING WITH STATUS OF "STALKING HORSE
    * IF APPROVED BY CREDITORS' MEETING OF OI GROUP THIS STATUS
WILL
GIVE BIDDERS "RIGHT TO TOP" SHOULD THIRD PARTIES SUBMIT HIGHER
BIDS DURING COMPETITIVE PROCESS
    * CREDITORS' MEETING OF OI GROUP TO BE HELD ON SEPT. 8
    * CONFIRMS TIM GROUP'S INTEREST IN ACQUIRING OI GROUP'S
MOBILE
ASSETS AND ITS COMMITMENT TO DEVELOPING TELECOMMUNICATIONS
SYSTEM IN BRAZIL

Source text for Eikon:  ID:nBIAc7WCbx 
Further company coverage:  TLIT.MI 

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