Chinese telecommunications equipment maker Huawei Technologies Co is teaming up with China Mobile to enter into a dispute to buy Brazilian operator Oi SA in an attempt to increase its presence in Latin America's largest market, O Globo news website reported. Saturday.
According to the media, the two Chinese companies anticipate significant business growth as Brazil begins deploying its fifth generation wireless technology (5G) and Oi's 360.000 kilometers of fiber infrastructure are seen as an asset. attractive.
Oi declined to comment, while Huawei and China Mobile did not immediately respond to Reuters's requests for comment.
Brazil's largest fixed-line operator has been struggling to recover its business since filing for bankruptcy in June on 2016 to restructure approximately 65 billion reais of debt.
On Thursday, Reuters reported that by negotiating its mobile network with Spain's Telefonica SA and Telecom Italia SpA, Oi is also involved in preliminary negotiations with AT&T and another Chinese company.