Telemar confirms takeovers under consideration
Published January 10th, 2008
(TP) Telemar Participacoes, which controls Brazilian operator Oi, has disclosed that its shareholders are conducting studies aimed at a possible restructuring of the company’s shareholder base. Furthermore, the company has engaged outside advisors to analyse the possible acquisition of stakes in mobile, fixed, internet or pay-TV companies, similar to transactions that have occurred recently. The announcement follows recent fluctuations in the share prices of its subsidiaries Tele Norte Leste Participacoes and Telemar Norte Leste and press reports speculating on a possible merger with rival Brasil Telecom.
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