With or Without Tim, Fridman Sees Brazil Telecom M&A Overdue

Updated on
  • Brazil is attractive because of consolidation potential
  • LetterOne in talks to inject as much as $4 billion into Oi

Mikhail Fridman spent the past two years scouting for telecommunications assets before setting eyes on Latin America’s most indebted phone company, Oi SA. The Russian tycoon is betting less on a quick recovery of Brazil’s economy than on the billions of dollars in potential savings from a merger with a rival.

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