Brazil’s mobile market consolidates as Oi carved up by TIM, Claro and Telefonica
Published on
Dec 16, 2020
Back in summer, Brazil’s Oi, having struggled under financial pressure for some time now, made plans to split off its mobile business and prepare for a sale. The company sought around 15 billion reais ($2.9 billion) for the unit, with the funds raised to be used to reduce debt and further Oi&rsquo…