Telecom Italia SpA plans to invest "significantly more" in Brazil this year, Chief Executive Marco Patuano told reporters on Thursday following a meeting with Brazilian communications minister Ricardo Berzoini. Patuano said he and Berzoini did not discuss a possible merger between Telecom Italia's local wireless unit TIM Participa��es SA and rival carrier Oi SA.
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 4.13% or $-0.09/share to $2.09. In the past year, the shares have traded as low as $0.40 and as high as $18.50. On average, 2218380 shares of OIBR exchange hands on a given day and today's volume is recorded at 2833728.
Shares of OIBR-C fell by 3.06% or $-0.07/share to $2.22. On average, 0 shares of OIBR-C exchange hands on a given day and today's volume is recorded at 8824.
Shares of TI traded higher by 2.32% or $0.26/share to $11.46. In the past year, the shares have traded as low as $9.46 and as high as $13.54. On average, 131531 shares of TI exchange hands on a given day and today's volume is recorded at 46751.
Shares of TI-A traded higher by 2.32% or $0.21/share to $9.28. In the past year, the shares have traded as low as $7.42 and as high as $10.62. On average, 30819 shares of TI-A exchange hands on a given day and today's volume is recorded at 23804.
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