No bids for Brazil's Oi Solucoes
The recent auction for Oi Solucoes, Oi's enterprise services subsidiary, concluded without any bids, despite five companies—TIM, Claro, Sercomtel, Telefonica and V.tal—having qualified to participate, reported Valor Economico. Sources close to the auction suggested that the minimum asking price of BRL 1.4 billion was deemed too high. This was largely due to Oi Solucoes' recent client losses and concerns that remaining clients might switch providers once their contracts expire.