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BRASILIA, Nov 5 (Reuters) - Brazil Communications Minister Paulo Bernardo said on Wednesday that operators Oi, Claro and Vivo denied to him that they had reached a deal to make a joint bid for rival TIM.
On Friday, two sources told Reuters that Oi SA and the local units of America Movil SAB and Telefonica SA had agreed to offer a combined 32 billion reais ($13 billion) for TIM Participações SA , the Brazil division of Telecom Italia SpA.
$1 = 2.50 Brazilian reais Reporting by Leonardo Goy Editing by W Simon