TIM Brasil evaluating deals for Copel Telecom, CEMIG Telecom

9 Feb 2018

TIM Participacoes (TIM Brasil) is said to be evaluating potential takeovers for the telecoms units of two Brazilian utility firms, Estadao reports, citing comments from an unnamed senior executive. The telcos in question are CEMIG Telecom, which was put on sale by utility firm Companhia Energetica de Minas Gerais (CEMIG) last year, and Copel Telecom, the wholly owned subsidiary of Companhia Paranaense de Energia (Copel). The takeovers are valued at BRL200 million (USD61 million) and BRL1 billion, respectively.

Regional fixed broadband expansion is understood to be key to TIM Brasil’s future strategy. TeleGeography notes that the CEMIG Telecom currently serves the metropolitan region of Belo Horizonte (in Minas Gerais) and parts of four other states: Pernambuco, Ceara, Bahia and Goias. Copel Telecom, meanwhile, offers fibre-to-the-home (FTTH) services in 399 municipalities in Parana.

Brazil, CEMIG Telecom, Copel Telecom, TIM Brasil