TIM Brasil seeks alliance with Oi instead of merger - report

摘要

Telecom Italian CEO Amos Genish said that TIM is thinking of making acquisitions in Brazil as long as this does not affect the company's good momentum, according to Brazilian daily Valor Economico. The manager did not comment on whether the company has an interest in the acquisition of Cemig Telecom and/or Nextel, assets for sale in the sector. As for Oi, Genish said he does not see the sale as an outlet for the company, and prefers an industrial collaboration rather than a merger or acquisition. TIM could deepen its existing partnerships with Oi, exchange network capacity and make deals for fiber optics.