Brazil telecom TIM sees synergies from Oi deal at as much as $3.96 bln

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SAO PAULO, April 25 (Reuters) – Brazilian telecom company TIM SA (TIMS3.SA) stated past due on Sunday it expects the purchase of a part of Oi SA (OIBR4.SA) cellular operations within the nation to lead to an general price advent of as much as 19 billion reais ($3.96 billion) for the corporate.

TIM, which is managed via Italy’s Telecom Italia SpA (TLIT.MI), stated the online provide price (NPV) forecast takes under consideration business and infrastrutucre-related synergies. The decrease finish of the estimate was once set at 16 billion reais.

Consistent with the corporate, 45% of such synergies must be captured via 2030.

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Reporting via Gabriel Araujo, edting via Louise Heavens

Our Requirements: The Thomson Reuters Believe Rules.

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