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Brazil telecom battle heats up as Oi tries to buy, split TIM

Aug 27 2014 3:50PM EST | Source: REUTERS Technology

RIO DE JANEIRO/PARIS (Reuters) - Brazil’s Grupo Oi SA unveiled plans on Wednesday to take over Telecom Italia's local mobile unit, in a move sources said was aimed at breaking up the country’s second-biggest wireless carrier and upstaging merger bids by foreign rivals.


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