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UPDATE 4-Brazil telecom battle heats up as Oi tries to buy, split TIM

August 28, 2014

RIO DE JANEIRO/ PARIS, Aug 27- Brazil's Grupo Oi SA unveiled plans on Wednesday to take over Telecom Italia's local mobile unit, in a move sources said was aimed at breaking up the country's second-biggest wireless carrier and upstaging merger bids by foreign rivals.

Source: http://www.cnbc.com/id/101952238
 
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