|Bid||1.1200 x 1000|
|Ask||1.1300 x 40700|
|Day's Range||1.1200 - 1.1600|
|52 Week Range||0.8253 - 3.0100|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||0.04|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
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 or any other Brazilian carrier. Brazilian newspaper O Globo reported on Saturday in its online version that Huawei was joining forces with China Mobile to potentially enter a dispute to buy Oi SA . "Huawei has no plan or interest in acquiring Oi or any other Brazilian carrier.
Brazilian telecoms carrier Oi SA (Sao Paolo:OIBR4.SA - News) has hired Bank of America Merrill Lynch to sell noncore assets such as cellphone towers and data centers, two people with knowledge of the matter said on Thursday. Oi and Bank of America had no immediate comment on the matter. Preferred shares in Oi, flat before the Reuters report, rose 1.4 percent to 1.46 reais.