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Tuesday, April 08, 2008 

Brazil telco market: Oi pursues Brasil Telecom acquisition

Oi president, Luiz Eduardo Falco, said today that conversations about Brasil Telecom acquisition by Oi continue. "All negotiations proceed, everybody is working in order to it happen. We have no news", said Falco after being questioned if there are any impediments from companies partners, as Opportunity group.

The conversations about companies merger started on Jan 2008 and the new company will be the largest telco company on Brazil, under control of Brazilian's capital groups La Fonte and Andrade Gutierrez.

According to Brazilian newspaper Estado de São Paulo, companies merger will be announced by friday (Apr 11).

Source: Estadão

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Pedro "K2" Macêdo

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