Brazil's Grupo Oi SA, Mexico's America Movil SAB and Spain's Telefonica SA agreed to place a joint bid worth around 32 billion reais ($13 billion) for TIM Participações SA (TIMP3.SA), two sources with direct knowledge of the matter said on Friday.
The companies agreed to present a single offer to minority shareholders and Telecom Italia SpA (TLIT.MI), which owns about 67 percent of TIM Participações, Brazil's No. 2 wireless carrier, said the first source, who requested anonymity as the deal is still in the works.
A bid could be presented within two . . .
This independent news site is supported by subscribers.
Login now, or subscribe today. As a premium subscriber to our independent news site, for as low as .10 cents per day, you'll unlock full news coverage of the events that shape our city, exclusive interviews with local influencers, and in-depth reports that get to the heart of Puerto Vallarta's unique challenges and triumphs, while also learning more about news throughout Mexico that makes a difference. Help us sustain the future of independent journalism in Puerto Vallarta. It's a small market so advertising doesn't make a dent in the costs, but you can help! Subscribe today and become an essential part of the conversation.
Popular posts:
Six of Mexico’s Top 50 Restaurants of 2023 are in Puerto Vallarta Puerto Vallarta, Mexico - In a remarkable accolade to its vibrant culinary scene, Puerto Vallarta has been named as one of Mexico's premier gourmet destinations. The prestigious recognition comes from the OpenTable platform's latest ranking, "The 50 Best Restaurants in Mexico in 2023," which features six of the city's esteemed restaurants, underscoring Puerto Vallarta's status…
New Military Forces Arrive in Puerto Vallarta to Reinforce Security Puerto Vallarta, Mexico – In a significant move to bolster security in the state of Jalisco, the Mexican government has dispatched a contingent of 2,500 soldiers to the region. Starting from the 29th of November, Puerto Vallarta has witnessed the arrival of these troops, with at least 100 units marking their presence in the city.…
Puerto Vallarta International Airport Undergoes Expansion and Improvement Ahead of Winter Season Puerto Vallarta, Mexico: In a move to enhance passenger experience and manage increasing traffic, the Puerto Vallarta International Airport is undergoing a series of improvements. Christian José Amador Lizardi, the airport administrator, reported that these developments are in full swing in preparation for the upcoming winter season. According to Amador Lizardi, the airport has observed…
Jalisco Authorities Close Melaque Beach South of Puerto Vallarta Following Fatal Shark Attack Puerto Vallarta, Mexico - In a swift response to a tragic incident, authorities in Jalisco, Mexico, have closed Melaque Beach, south of Puerto Vallarta, after a woman succumbed to injuries sustained from a shark bite. The Jalisco State Civil Protection and Firefighters Unit announced this precautionary measure on Monday, November 4, at around 10:30 a.m.,…
Puerto Vallarta News Brief with Felipe Álvarez for December 6, 2023 https://youtu.be/lv5nAfD06hI Puerto Vallarta (PVDN) – The Puerto Vallarta News Brief covers the top trending stories of the week on Vallarta Daily News and is hosted by Felipe Alvarez. The stories this week. A troubling trend has emerged in Jalisco. Since December 2018, 106 foreigners have gone missing, with only 54 located, some deceased. This alarming rate…- Puerto Vallarta News Brief with Felipe Álvarez for December 1, 2023 https://youtu.be/6d5X8V5wemg Puerto Vallarta (PVDN) – The Puerto Vallarta News Brief covers the top trending stories of the week on Vallarta Daily News and is hosted by Felipe Alvarez. The stories this week. The United States Treasury Department has taken a significant step in dismantling the financial networks of the Jalisco New Generation Cartel. The Office of…
60 Americans and 10 Canadians Have Been Reported Missing in Jalisco in the Last Five Years Puerto Vallarta, Mexico - During the tenure of the current state administration in Jalisco, Mexico, a concerning trend has emerged with the disappearance of 160 foreign individuals, out of which only 54 have been successfully located. The National Registry of Missing and Unlocated Persons confirms that the fate of 106 individuals remains unknown, casting a…
Celebrating Two Decades of Whale Rescue in Puerto Vallarta: The Story of RABEN Puerto Vallarta, Mexico - A single entangled humpback whale nearly twenty years ago set in motion a remarkable initiative known today as the Entangled Whale Assistance Network (RABEN). This network, born out of a daring and collaborative effort, has become a pivotal national and international force in whale conservation. The genesis of RABEN was a…
Puerto Vallarta Sees Decrease in Cruise Ship Arrivals for December Puerto Vallarta, a renowned tourist destination on the Mexican Central Pacific coast, is witnessing a significant decrease in cruise ship arrivals this December. The city, which welcomed 21 cruise ships in November, is set to host only 13 this month, marking a drop of over 40 percent. This decline is primarily attributed to the cancellation…
Puerto Vallarta Police Intensify Security Measures to Prevent Robberies During Holiday Season Puerto Vallarta, Mexico — With the holiday season in full swing, the Puerto Vallarta Citizen Security Police Station has taken proactive steps to enhance public safety, particularly focusing on areas vulnerable to robberies such as plazas, ATMs, and shopping centers. This initiative is part of a broader effort to safeguard citizens and visitors from potential…
