America Movil denies negotiations with Telefonica and TIM Italy to acquire Oi assets

America Movil denied yesterday to be part of a negotiation agreement with Telefonica and Telecom Italy (TIM) to jointly buy Brazilian Oi’s assets. According to the Spanish newspaper Expansion, ‘the idea is to buy (Oi) together, and then share its assets’.

‘Nothing has been negotiated at all’, Arturo Elias Ayub, Communications Director at America Movil, told Reuters.

The agency also indicated that, when asked about whether Slim’s company would be considering the option of acquiring Oi’s assets on its own, Elias Ayub said that assets, locations and prices should be analyzed, but he did not rule it out.