America Movil, Telefonica, Oi to bid for Brazil's TIM: report

Oct 31 2014 6:43AM EST | Source: REUTERS Technology

SAO PAULO (Reuters) - Mexico's America Movil SAB, Spain's Telefonica SA and Brazil's Grupo Oi SA agreed to place a bid for and to break up TIM Participações SA , Brazil's second-largest wireless carrier, Folha de S. Paulo reported on Friday without saying how it obtained the information.