Four bidders circle TIM Brasil fibre assets

4 Mar 2021

Fresh from the news that Telefonica Brasil (Vivo) has agreed to sell a 50% stake in its spun-off FiBrasil fibre-to-the-home (FTTH) unit to Canadian investment firm Caisse de depot et placement du Quebec (CDPQ), it has emerged that TIM Brasil is in talks with multiple buyers to offload a stake in its own fibre business. According to TeleTime, the telco has received four formal proposals for control of its new last-mile FiberCo unit and expects to sign a final deal by early-April. Speaking at the company’s ‘TIM Brasil Day 2021’ online investor event on 1 March, CEO Pietro Labriola explained: ‘Separating infrastructure will be an important lever to accelerate broadband coverage. This market will grow by 15 million customers and we must be ready to seize the opportunities.’

Brazil, TIM Brasil