Brazil's TIM hires Bradesco to explore bid for rival Oi, source says

viernes 3 de octubre de 2014 14:47 GYT

SAO PAULO Oct 3 (Reuters) - Brazil's TIM Participações SA hired Banco Bradesco's investment banking unit to analyze a potential bid for rival Grupo Oi SA , a source with knowledge of the situation told Reuters on Friday.

TIM Participações, the Brazilian wireless carrier controlled by Telecom Italia SpA, and Bradesco declined to comment.

(Reporting by Guillermo Parra-Bernal; Editing by Meredith Mazzilli)