Spain's Telefonica denies preparing joint bid for TIM Brasil
MADRID Jan 6 (Reuters) - Spanish telecoms group Telefonica said on Monday it was not part of a vehicle studying a potential joint offer for Brazilian wireless operator TIM Brasil, a unit of Telecom Italia, and had no details of such a deal.
Telefonica owns 15 percent of Telecom Italia and has a stake in another Brazilian mobile network, Vivo.
An Italian newspaper reported last week that Telefonica was looking to set up a vehicle with rivals America Movil and Oi to take over TIM Brasil and break it up.
Telefonica said in a statement to Spain's stock market regulator it was analysing the possibility of taking legal action after recent "unreasonable" remedies imposed by Brazil's anti-trust body CADE.
- Mexican train derails, stranding 1,300 migrants headed toward U.S.
- Gaza toll nears 100, militants threaten Israeli airport |
- Haskell collapses in Texas court as details of Texas murder read
- A game of two popes: Vatican plays down talk of World Cup rivalry
- Obama tells Israel U.S. ready to help end hostilities