Oi Shares, Bonds Nosedive After Telecom Italia Rejects Proposal

  • LetterOne is abandoning efforts for a deal after 4 months
  • Mikhail Fridman's LetterOne still interested in Brazil

Oi SA shares and bonds fell to record lows after Telecom Italia SpA rejected Russian billionaire Mikhail Fridman’s plan to merge its Brazil unit with the struggling phone operator.

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