PT, Oi discussing merger?

25 Jun 2013

According to a report by Brazilian daily Folha de Sao Paulo, shareholders of Portugal Telecom (PT) and Brazilian telecoms group Oi SA are discussing a potential merger of the two companies. A combination of the businesses – which has not been confirmed by PT or Oi – would create an operator with 101 million customers and annual revenues of BRL64 billion (USD28.3 billion), with a presence in Portuguese-speaking countries. Oi was formed through the restructuring of Telemar Participacoes’ former operating divisions Brasil Telecom, Tele Norte Leste Participacoes, Coari Participacoes and Telemar Norte Leste.

Brazil, Portugal, Oi, Pharol (formerly Portugal Telecom SGPS [PT SGPS])