Huawei to join forces with China Mobile to bid for Brazil’s Oi | The Daily Star
12:00 AM, September 23, 2019 / LAST MODIFIED: 12:40 AM, September 23, 2019

Huawei to join forces with China Mobile to bid for Brazil’s Oi

Chinese telecoms equipment maker Huawei Technologies Co is joining forces with China Mobile to potentially enter a dispute to buy struggling Brazilian carrier Oi SA, in an attempt to boost its footprint in Latin America’s largest market, O Globo news website reported on Saturday.

According to the media outlet, both Chinese companies anticipate a significant growth in business once Brazil starts deploying its fifth-generation wireless technology (5G) and Oi’s 360,000 kilometers (224,000 miles) of fiber infrastructure is seen as an attractive asset. Oi declined to comment on the matter, while Huawei and China Mobile did not immediately respond to Reuters’ requests for comment.

Brazil’s largest fixed-line carrier has been struggling to turnaround its business since it filed for bankruptcy protection in June 2016 to restructure approximately 65 billion reais of debt.

Stay updated on the go with The Daily Star Android & iOS News App. Click here to download it for your device.

Grameenphone:
Type START <space> BR and send SMS it to 22222

Robi:
Type START <space> BR and send SMS it to 2222


Banglalink:
Type START <space> BR and send SMS it to 2225

Leave your comments

Top News

Top News

Top