Chinese telecoms equipment maker Huawei Technologies Co said on Sunday it was no...
“Huawei has no plan or interest in acquiring Oi or any other Brazilian carrier. In Brazil for more than 20 years, the company is working with all major Brazilian carriers supplying the best products and solutions to support digital transformation in Brazil,” the company said in an emailed statement.
According to O Globo, the two Chinese companies expect the Brazil business to grow significantly once the country starts deploying its fifth-generation wireless technology , and Oi’s 360,000 km of fiber infrastructure is seen as an attractive asset.Brazil’s largest fixed-line carrier has been struggling to turn around its business since it filed for bankruptcy protection in June 2016 to restructure approximately 65 billion reais of debt.
On Thursday, Reuters reported that, while negotiating its mobile network with Spain’s Telefonica SA (
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