|Bid||0.0000 x 800|
|Ask||0.6400 x 900|
|Day's Range||0.5919 - 0.6412|
|52 Week Range||0.3500 - 2.1800|
|Beta (5Y Monthly)||1.13|
|PE Ratio (TTM)||0.02|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Sep. 30, 2013|
|1y Target Est||N/A|
Brazilian telecoms firms Telefonica Brasil SA <VIVT4.SA> and TIM Participacoes SA <TIMP3.SA> are moving ahead with a potential joint bid for rival Oi SA's <OIBR4.SA> mobile unit despite the challenges of the COVID-19 outbreak, executives said Wednesday. Meanwhile, they remain focused on expanding their fiber-to-the-home (FTTH) network, as well as fourth-generation (4G) mobile coverage, while a long-awaited auction for next-generation spectrum remains uncertain. "We're confident that our strategy is the right one," Telefonica Brasil Chief Executive Christian Gebara told investors on a call, noting it is still early to assess the full extent of the global pandemic.
Brazilian telecom carrier Oi SA may consider selling its mobile operation if it gets attractive offers, Chief Operating Officer Rodrigo Abreu told Reuters on Wednesday, following reports of interest from its largest rivals. Oi has not begun a formal sale process for its mobile unit, he added. Reuters reported last month that Oi was in preliminary talks with Spain's Telefonica SA and Italy's Telecom Italia SpA to sell its mobile network and avoid a potential cash crunch.
Chinese telecoms equipment maker Huawei Technologies Co said on Sunday it was not interested in acquiring struggling Oi SA <OIBR3.SA> or any other Brazilian carrier. Brazilian newspaper O Globo reported on Saturday in its online version that Huawei was joining forces with China Mobile <0941.HK> to potentially enter a dispute to buy Oi SA <OIBR3.SA>. "Huawei has no plan or interest in acquiring Oi or any other Brazilian carrier.