China Mobile in talks to buy Brazilian telecoms operator Oi
China Mobile is in early talks to buy struggling Brazilian telecoms operator Oi and has met regulator Anatel to discuss this and other options for further investments in Brazil, sources have said. Oi filed for bankruptcy protection in June last year and so far it has been unsuccessful in agreeing a recovery plan with creditors. China Mobile, on the other hand, is now the world's biggest mobile operator, with a local customer base of 873.73 million as of the end of August. Oi has a 23% market share for fixed line broadband, the third biggest in Brazil, and a 17.4% share of mobile customers.

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