![]() was considering investment options for Oi, including an acquisition. ![]() In October 2017, it was reported that China Telecom Corp. Oi is also in talks with Spain's Telefónica SA and Italy's Telecom Italia SpA for the sale of its mobile network to avoid insolvency, sources said. Fortinet secures the largest enterprise, SMB, service provider, and government organizations around the world. The Rio de Janeiro-based telecom operator is looking to sell assets, including its African unit Unitel SA, and focus on its fiber-optic network to turn around declining profits as it enters the last phase of a two-year judicial recovery plan. Speculation of the bid came after Brazil's senate approved a bill to update the country's telecommunications framework, a move that will allow Oi to sell up to US$2 billion in noncore assets. The plan also comes as the Brazilian government is seeking a solution for the indebted telecom operator. government's heightened scrutiny of the Chinese company. The potential deal is reportedly part of Huawei's attempts to enter the Brazilian market and boost the reach of its 5G technology amid the U.S. ![]() to launch a bid for embattled Brazilian mobile carrier Oi SA, Bloomberg News reported, citing Brazilian newspaper O Globo. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |