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Brazil's Oi shares up on report of Telefonica, Slim, Telecom Italia talks

SAO PAULO/RIO DE JANEIRO, Oct 7 (Reuters) - Shares in Oi SA rose more than 4% on Monday, after Spanish newspaper Expansion reported that Telefonica SA planned a deal with Telecom Italia SpA and America Movil SA to buy the Brazilian telecoms firm. (Reporting by Alberto Alerigi Jr. and Gabriel Stargardter; Editing by Edmund Blair)