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Brazilian telecoms firm Oi SA has agreed to grant preferential status to a joint acquisition proposal from TIM Participacoes, Telefónica Brasil and Claro for Oi’s mobile telephony assets, two sources familiar with the matter said.
The agreement would grant the Business, which operate the main cell phone service providers in Brazil, the exclusive right to match any other higher offer that others may subsequently make.
In July, the three telcos submitted an offer of 16.5 billion reais (US $ 3.2 billion) for the assets.
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