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Brazil telecoms network merger delay

January, 14 2014

The Brazilian regulator has made a move against the two largest shareholders of Oi and Portugal Telecom.

Brazil puts question-mark over telecoms merger Jin Flogel

The merger of two of Brazil’s telecoms networks looks set to go on hold after the stock market regulator blocked the two largest shareholders from setting the price of their network assets.The companies, Brazil’s Oi and Portugal Telecom, were going to use asset prices which their largest investors had agreed to in a move to work out how shares would be distributed in the merged company. It was believed that this was unfair to the company’s smaller shareholders.

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Brazil telecoms network merger delay

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