SAO PAULO (Reuters) – Brazilian telecom firm TIM SA said late on Sunday it expects the acquisition of part of Oi SA mobile operations in the country to result in an overall value creation of up to 19 billion reais ($3.96 billion) for the company.
TIM, which is controlled by Italy’s Telecom Italia SpA, said the net present value (NPV) forecast takes into account commercial and infrastrutucre-related synergies. The lower end of the estimate was set at 16 billion reais.
According to the company, 45% of such synergies should be captured by 2030.
(Reporting by Gabriel Araujo, edting by Louise Heavens)
