13 de mayo de 2015 / 15:28 / hace 2 años

Telefonica Brasil says rivals more interested in consolidation

SAO PAULO, May 13 (Reuters) - Telefonica Brasil SA may be the mobile operator with the least interest in a consolidation of the Brazilian market, a senior executive said on Wednesday, signaling little enthusiasm for a potential mega-deal that seems to have lost momentum.

“Our market position keeps getting stronger,” said Chief Financial Officer Alberto Horcajo on a call with journalists. “So if we can keep our clients and win new ones, what’s the sense in paying to buy a new client base from someone without our strengths?”

Rival telecom Oi SA hired investment bank BTG Pactual last year to negotiate a possible deal to buy mobile carrier TIM Participações and split it three ways with Telefonica and America Movil SAB. (Reporting by Brad Haynes and Luciana Bruno)

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