Telecom Italia in talks over Brazilian unit

Telecom Italia is reportedly in talks with both America Movil, the dominant operator in Latin America, and Spain's Telefonica for the sale of its Brazilian mobile-phone business, TIM Brasil Group. Telecom Italia has given its senior management a mandate to negotiate a possible deal. TIM, one of Brazil's healthiest operators, could be sold for $8 billion. Telefonica already owns 50 percent of Brazil's largest operator, Vivo, which has been struggling with poor subscriber additions and is embarking on a GSM overlay to its CDMA network. It may be put in a position where it can buy the remainder of that business or sell it.

To read more about the interest in TIM Brasil:
- check out this article from The Wall Street Journal (sub. req.)


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