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Huawei, China Mobile May Tie Up to Bid for Brazil’s Oi, O Globo Says

  • Huawei sees possible bid as a way to expand into Brazil, 5G
  • Senate approval of telecom bill sparked speculation on bids
Pedestrians pass in front of an Oi SA store in Brasilia, Brazil.

Pedestrians pass in front of an Oi SA store in Brasilia, Brazil.

Photographer: Gustavo Gomes/Bloomberg
Updated on

Huawei Technologies Co. and China Mobile Ltd. are exploring a partnership to bid for Brazilian phone company Oi SA, O Globo Newspaper reported, without citing a source.

Huawei, the phone maker caught in disputes between China and the U.S., is seeking the bid as an opportunity to enter the Brazilian market and expand its reach for 5G technology, the newspaper said. The plan also comes as the Brazilian government wants a solution for the indebted company, O Globo added.