Telecom Italia SpA said on Wednesday it is not in talks to make a deal with Brazilian telecom Grupo Oi SA, according to a securities filing by the Italian company's Brazil unit, TIM Participa��es SA. Oi shares jumped on Tuesday after a media report that Telecom Italia was considering a takeover of the company to counter Spanish rival Telefonica SA in Latin America's largest phone market.
Oi SA, formerly Brasil Telecom SA, is a Brazil-based holding company engaged in the provision of Switched Fixed-line Telephony Services (STFC) domestically and internationally. Shares of OIBR remained unchanged at $0.70. In the past year, the shares have traded as low as $0.51 and as high as $2.34. On average, 16803900 shares of OIBR exchange hands on a given day and today's volume is recorded at 95789.
Shares of OIBR-C remained unchanged at $0.71. On average, 0 shares of OIBR-C exchange hands on a given day and today's volume is recorded at 0.
Telefonica SA is a Spain-based company active in the telecommunications and digital services sectors. Shares of TEF remained unchanged at $15.49. In the past year, the shares have traded as low as $14.86 and as high as $18.05. On average, 1036860 shares of TEF exchange hands on a given day and today's volume is recorded at 0.
Shares of TI remained unchanged at $11.63. In the past year, the shares have traded as low as $7.66 and as high as $13.54. On average, 97480 shares of TI exchange hands on a given day and today's volume is recorded at 0.
Shares of TI-A remained unchanged at $9.35. In the past year, the shares have traded as low as $6.13 and as high as $10.62. On average, 20683 shares of TI-A exchange hands on a given day and today's volume is recorded at 0.
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