The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Friday:** A group of Brazilian telecommunications companies is ready to make a bid for wireless carrier TIM Participacoes SA in the short term, a source with knowledge of the situation told Reuters, after Oi SA secured shareholder approval for the sale of its Portuguese assets.
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 fell by 3.45% or $-0.1/share to $2.80. In the past year, the shares have traded as low as $0.40 and as high as $18.50. On average, 1866460 shares of OIBR exchange hands on a given day and today's volume is recorded at 12022508.
Shares of OIBR-C fell by 2.98% or $-0.09/share to $2.93. On average, 0 shares of OIBR-C exchange hands on a given day and today's volume is recorded at 695347.
TIM Participacoes SA (TIM) is a Brazil-based holding company engaged in the telecommunications segment. Shares of TSU fell by 1.85% or $-0.45/share to $23.93. In the past year, the shares have traded as low as $20.79 and as high as $30.52. On average, 1308440 shares of TSU exchange hands on a given day and today's volume is recorded at 583194.
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