|Bid||1.4000 x 1300|
|Ask||1.5500 x 1200|
|Day's Range||1.4800 - 1.6500|
|52 Week Range||0.3500 - 2.0900|
|Beta (5Y Monthly)||1.32|
|PE Ratio (TTM)||0.05|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Sep 30, 2013|
|1y Target Est||N/A|
Shares in Telefonica Brasil SA <VIVT4.SA> and TIM Participações SA <TIMP3.SA> rose in the morning trading as both companies said they are planning a joint offer to buy the mobile unit of bankrupt Brazilian carrier Oi SA <OIBR3.SA>. The move comes months after the struggling carrier, which filed for bankruptcy protection in June 2016, told market participants early in December it had hired financial advisors to put a value on its mobile unit. Preferred shares in Oi rose as much as 18% on Wednesday morning, while TIM stocks surged up to 8.3% and Telefonica Brasil climbed 4.4% before trimming earlier gains.
Brazilian wireless carrier TIM Participações SA will consider acquiring the mobile unit of its struggling rival OI SA if it is put up for sale, Chief Executive Pietro Labriola said on Thursday. "Frequencies are an important asset for any carrier, not only for TIM", Labriola told journalists at a company event in Sao Paulo, adding that for this reason he has to look into the deal. Based on spectrum concentration, TIM may be allowed to get the largest stake in Oi's mobile division, he said.
Brazilian carrier Oi SA plans to double capital expenditure in its business-to-business segment in 2020 compared with 2019, executives said on Wednesday. Oi's B2B division, known as Oi Soluções, currently provides services to over 57,000 Brazilian companies both in private and public sectors. "Oi Soluções requires a significant investment and we expect to more than double B2B capex for 2020," Adriana Coutinho, head of Oi Soluções, told journalists on the sidelines of a company event in Sao Paulo.