Xiaomi announces Brazil launch; names new CFO

Chinese handset maker Xiaomi took its first major steps outside of Asia after announcing the launch of its smartphones in Brazil, and vowed to expand further across Latin America. Five year old Xiaomi, which was valued at $46 billion in …

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Telefonica Brasil sets end-April date for share offering

Telefonica Brasil has published the prospectus for a new share offering due to take place on 28 April, with the proceeds earmarked to cover the acquisition of local broadband provider GVT. According to Reuters, the share sale has been delayed …

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Telefonica plans $3.3B rights issue after Brazil subsidiary gets GVT go-ahead

Cade, Brazil’s competition watchdog, granted Telefonica Brasil conditional approval to buy broadband provider GVT, which was quickly followed by an announcement from parent company Telefonica Group that it will sell new shares to existing shareholders in order to raise €3 …

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Telefonica planning Brazil share sale after GVT deal

Telefonica Brasil said that it intends to make a public offering following its acquisition of broadband service provider GVT, which will be used to part-finance the acquisition. The company made a statement following local media reports, saying it had previously …

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TCL to start production in Brazil and India in 2016

China’s TCL plans to set up factories in Brazil and India next year to avoid high import duties as its sales expand in these fast-growing markets, Reuters said. The company didn’t say how much it would invest nor where they would …

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Telecom Italia favours all-stock bid for Oi — report

Telecom Italia (TI) is reportedly favouring an all-stock bid through its Brazilian business to acquire integrated operator Oi — an approach that would enable it to invest in its network in the South American market. According to Bloomberg sources, TI …

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Oi paves way for Brazilian consolidation

Brazil’s Oi said it is taking actions to ensure it is able to “participate in the industry consolidation process in Brazil”, and that it is “carefully assessing all the available alternatives in order to identify the most efficient structure in …

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TI gearing up for Italian towers IPO — report

Telecom Italia (TI) is considering an IPO of its towers business in Italy and is looking to current Telecom Argentina CEO Oscar Cicchetti to lead the process, according to Bloomberg. Sources said the company is considering Elisabetta Ripa, its current …

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Telecom Italia sells Brazilian towers, mulls tie-up with Oi

Telecom Italia has announced the sale of its Brazilian towers to American Tower Corp for approximately €900 million, the price tag it set out to achieve in the first place. The telco also confirmed it is weighing up its options overall in the Brazilian market, and that it is considering a tie-up of its subsidiary Tim Participações with local competitor Oi.