Brazilian telecom company Telemar and Brasil Telecom merger is near
TMCnet - World's Largest Communications and Technology Community
New Coverage :  Asterisk  |  Call Center Outsourcing  |  Call Recording  |  SIP Trunking  |  Hosted Exchange  |  PBX
Webinars
Channels by Topic
Share
 
| More
RSS-XML alerts
Print this page
E-mail this page to a friend
TMCnews
[November 09, 2007]

Brazilian telecom company Telemar and Brasil Telecom merger is near

(Investnews (Brazil) - English Via Thomson Dialog NewsEdge) SO PAULO - A merger between Telemar and Brasil Telecom (BrT) might take place within the next two years, said Telemars executive chairman Luiz Eduardo Falco at a press conference in Rio de Janeiro on Friday. Falco added that political negotiations for the operation are at an advanced stage.



The resulting company would sell R$ 27.2 billion and own 64% of Brazils fixed-wire market.

Both companies are potential acquisition targets for Portugal Telecom in case the latter decides to sell its 50% share in Brazilian mobile carrier Vivo - the other hald belongs to Spanish Telefonica.


In August Brazils Communications Minister Hlio Costa affirmed that President Lula should issue a decree by the end of the year changing telephony concession legislation, which currently forbids companies that operate in different parts of the country from having the same shareholders.

Mobile carrier Oi, which is controlled by Telemar, currently operates in 16 Brazilian states and has 14.3 million foxed-wire clients and 14.9 million mobile clients. Brasil Telecom operates in nine states, has 8.1 million fixed-wire clients and four million mobile clients. 2007 NoticiasFinancieras - InvestNews - All rights reserved

Copyright 2007 NoticiasFinancieras

[ Back To TMCnet.com's Homepage ]

Bookmark mobile.TMCnet.com on your mobile phone now to stay on top of the latest tech news.
Featured White Papers
Featured White Paper RSS feed
Leveraging the Cloud to Create the Ultimate Customer Experience
Bridging the Great Divide: Best Practices for Integrating Social Media and Customer Service for Bottom Line Results
Five Steps to an Employee Effectiveness Model: Improve Business Results with Engaged Employees
view all white papers…
Top Stories
Today's TMCnet Top Stories and News Articles
Cable Thieves Attack Hospitals in Wales
Steady Growth and Strategic R&D Are Anticipated for …
Intermedia's Hosted Exchange Services Available on the Droid 4
Survey Shows Americans Would Give Up Their Spouse for the …
France Telecom Plans to Expand in Egypt, Other Emerging Markets, …
more of today's top stories...
Related VoIP News
Latest IP Communitions and VoIP News
New VoIP Systems from Computer Support Save Time and Money
GL Introduces PPP and ML-PPP Packet Data Analyzer Software
Alcatel-Lucent lightRadio Extends Broadband Access via Cellular and Wi-Fi Integration
Novatel's Ovation MC679 Released On TELUS' LTE Network
Telmex, Alcatel-Lucent Agree to a Deal that Will Bring Ultra-Fast Broadband to Mexico
blog comments powered by Disqus

Upcoming Events

ITEXPO West 2012
October 1- 4, 2012
The Austin Convention Center
Austin, Texas
4GWE Conference
October 1- 4, 2012
The Austin Convention Center
Austin, Texas
MSPAlliance MSPWorld™
October 1- 4, 2012
The Austin Convention Center
Austin, Texas

DevCon5
DevCon5 provides you with the information and tools you need to exploit the capabilities of revolutionary HTML5 technology
View all >>
Subscribe FREE to all of TMC's monthly magazines. Click here now.