|Bid||14.54 x 1200|
|Ask||14.55 x 1400|
|Day's Range||14.28 - 14.61|
|52 Week Range||10.29 - 20.32|
|Beta (5Y Monthly)||1.01|
|PE Ratio (TTM)||10.61|
|Forward Dividend & Yield||0.31 (2.12%)|
|Ex-Dividend Date||Jan 21, 2020|
|1y Target Est||17.74|
Brazilian telecom Oi SA ended exclusive negotiations on Monday with Highline do Brasil, a portfolio company of U.S. private equity firm Digital Colony, for the sale of its mobile assets, a source familiar with the matter said. Highline presented the best bid for Oi's mobile unit on July 18, which had a minimum value established by the Brazilian telecom firm of 15 billion reais ($2.86 billion). Four days later, however, telecoms operators TIM Participacoes, Telefonica Brasil SA and America Movil SAB de CV's Claro submitted a joint 16.5 billion reais ($3.15 billion) new bid for Oi's mobile assets, higher than Highline's offer.
Brazilian wireless carrier TIM Participacoes SA can thrive even if its joint bid for Oi's mobile assets fails, Chief Executive Pietro Labriola said on Thursday, as the company foresees better results despite the pandemic. TIM Participacoes and rivals Telefonica Brasil SA and America Movil's Claro on Monday night raised their joint offer to acquire Oi's mobile assets, including spectrum, to 16.5 billion reais ($3.20 billion) after the bankrupt carrier entered exclusive talks with another bidder. "The deal is especially important for TIM, which would extract sizable synergies and potentially close the spectrum gap to its peers," analysts at BTG Pactual said in a report.
* Mexico's GDP falls to record 17.3% in second quarter * Brazil hits record 69,000 daily coronavirus cases * Argentina may delay debt restructuring deadline amid impasse By Shreyashi Sanyal July 30 (Reuters) - Mexico's peso was set for its worst day in two weeks on Thursday after data showed Latin America's second biggest economy contracted by double digits in the second quarter, while other currencies in the region slipped on surging coronavirus cases. With Mexico still struggling with its coronavirus outbreak, and the U.S. recovery seemingly losing steam, the rebound in Mexico's economy will be slow over the coming quarters, said Nikhil Sanghani, assistant economist at Capital Economics.