|Bid||1.4400 x 36200|
|Ask||1.5000 x 1800|
|Day's range||1.4200 - 1.5000|
|52-week range||0.3500 - 2.0900|
|Beta (5Y monthly)||1.51|
|PE ratio (TTM)||0.05|
|Forward dividend & yield||N/A (N/A)|
|Ex-dividend date||30 Sep 2013|
|1y target est||N/A|
Brazilian telecoms firms Telefonica Brasil SA <VIVT4.SA> and TIM Participacoes SA <TIMP3.SA> are moving ahead with a potential joint bid for rival Oi SA's <OIBR4.SA> mobile unit despite the challenges of the COVID-19 outbreak, executives said Wednesday. Meanwhile, they remain focused on expanding their fiber-to-the-home (FTTH) network, as well as fourth-generation (4G) mobile coverage, while a long-awaited auction for next-generation spectrum remains uncertain. "We're confident that our strategy is the right one," Telefonica Brasil Chief Executive Christian Gebara told investors on a call, noting it is still early to assess the full extent of the global pandemic.
Shares in Telefonica Brasil SA <VIVT4.SA> and TIM Participações SA <TIMP3.SA> rose in the morning trading as both companies said they are planning a joint offer to buy the mobile unit of bankrupt Brazilian carrier Oi SA <OIBR3.SA>. The move comes months after the struggling carrier, which filed for bankruptcy protection in June 2016, told market participants early in December it had hired financial advisors to put a value on its mobile unit. Preferred shares in Oi rose as much as 18% on Wednesday morning, while TIM stocks surged up to 8.3% and Telefonica Brasil climbed 4.4% before trimming earlier gains.