Home News Huawei to join forces with China Mobile to bid for Brazil’s Oi: report

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

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FILE PHOTO: The Huawei emblem is pictured on the IFA shopper tech honest in Berlin, Germany, September 5, 2019. REUTERS/Hannibal Hanschke/File Photo

SAO PAULO (Reuters) – Chinese telecoms gear maker Huawei Technologies Co is becoming a member of forces with China Mobile (0941.HK) to doubtlessly enter a dispute to purchase struggling Brazilian provider Oi SA (OIBR3.SA), in an try to enhance its footprint in Latin America’s largest market, O Globo information web site reported on Saturday.

According to the media outlet, each Chinese corporations anticipate a major development in enterprise as soon as Brazil begins deploying its fifth-generation wi-fi know-how (5G) and Oi’s 360,000 kilometers (224,000 miles) of fiber infrastructure is seen as a lovely asset.

Oi declined to touch upon the matter, whereas Huawei and China Mobile didn’t instantly reply to Reuters’ requests for remark.

Brazil’s largest fixed-line provider has been struggling to turnaround its enterprise because it filed for chapter safety in June 2016 to restructure roughly 65 billion reais of debt.

On Thursday, Reuters reported that, whereas negotiating its cellular community with Spain’s Telefonica SA (TEF.MC) and Telecom Italia SpA (TLIT.MI), Oi can also be concerned in preliminary talks with AT&T Inc (T.N) and one other Chinese firm.

Reporting by Gabriela Mello; Editing by Daniel Wallis


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