考虑到要约实现的提供者为巴西电信的小股东，收购的总价格可能会上升到123亿雷布尔。Oil首席执行官Luiz Eduardo Falco表示，Oi有足够的现金支持，但不排除利用资本市场筹集部分资金。
普遍认为这个交易的实现需要数月的时间。因为到目前为止，巴西规制框架禁止控制两个独立的电信公司组成托集团进行竞争。
但是巴西政府已经表明它是有兴趣改变立法，以鼓励本土电信企业在激烈的竞争中发展。十年前巴西的电信业首次开放给私人投资。
建议修改法案，允许Oi的电信收购案的提议正在递交给通信部。然后，它将被送往该国的电信监管机构进行最后的核准。
如果交易最终被批准，它将创建一个大的市场参与者与Telefonica 和America Movil 进行竞争，后两者在整个拉丁美洲市场上都有比较大的份额。
“这是一个天生充满了野心，不仅仅局限于巴西国内的公司”Falco在记者招待会上说，“我们有国际化的梦想”。
Oi预计将与America Movil， Telefonica and Telecom Italia 等公司在美洲、欧洲和非洲市场上进行激烈竞争。
Falco预测，合并后的公司在宽带，无线，有线和付费电视服务等服务领域将会在5年内由现在的4600万用户扩展到1.1亿。其中移动电话的客户将会从现在的2050万急剧增长到3800万。而同时宽带用户将会从315万增长三倍达到1200万。
Oi还预计五年内将会有3000万的用户来自于国外。
在公告发布之前，巴西电信和Oi的股票一度停止交易。交易恢复后，在圣保罗，巴西电信的优先股价下跌了8.49% ，而Oi的下跌3.11% .合并后的公司将控制巴西70％左右的固话市场，18.5 %的无线市场和大约40%的宽频互联网服务。两公司在去年的总收入合计达117.5亿美元（286.50亿雷亚尔）。
新公司将会被来自于Oi的控股股东本地的工业集团Andrade Gutierrez SA 和 Jereissati Participacoes控股。此外，巴西国家开发银行， BNDES和一些国家养老基金也将在合并后的公司中拥有股权。
Oi表示它希望在四个月内的得到法律批准该交易。如果在240天内法律没有改变允许收购的话，Oi将必须支付29350万美元（49015万雷亚尔） .伴随交易发生的是，美国花旗集团将会兑现巴西电信投资，多年来它一直在与一些巴西电信控股集团中本地合作伙伴进行激烈的纠纷和诉讼。
Oi，以前称为telemar，总部设在里约热内卢，在巴西26个州中的16个州占有主导地位。巴西电信，总部设在巴西利亚。是巴西第三大固定电话运营商。目前在10个州拥有市场。
Brazil's Oi to buy Brasil Telecom for $3.5 bln
By Todd Benson
SAO PAULO, April 25 (Reuters) - Brazil‘s Oi Participacoes (TNE.N: Quote, Profile, Research) said on Friday it agreed to buy control of local rival Brasil Telecom (BRTP4.SA: Quote, Profile, Research) for 5.86 billion reais ($3.5 billion), forging a home-grown telecoms giant to compete with Spain‘s Telefonica (TEF.MC: Quote, Profile, Research) and Mexico‘s America Movil (AMXL.MX: Quote, Profile, Research).
The total price tag for the takeover may rise to 12.3 billion reais, taking into consideration an offer for Brasil Telecom‘s minority shareholders, Oi Chief Executive Luiz Eduardo Falco said. Oi has enough cash at hand to pay for the purchase, but it may also tap the capital markets to raise part of the funds, he said.
The deal, widely expected for months, still depends on changes to Brazil‘s regulatory framework, which forbids one group from holding two separate telecoms concessions.
But Brazil‘s government has signaled it is in favor of changing the legislation to allow for some consolidation in the country‘s fiercely competitive telecoms sector, which was opened to private investment a decade ago.
A proposal to overhaul the legislation and allow for the Brasil Telecom takeover is making its way through the Communications Ministry, after which it will be sent to the country‘s telecoms regulator for final approval.
If the deal is approved, it would create a Brazilian player large enough to compete on a regional basis with the likes of Telefonica and America Movil (AMX.N: Quote, Profile, Research), both of which have a major presence throughout Latin America.
"This is a company that is born with ambitions that go beyond Brazil," Falco said at a press conference in Rio de Janeiro. "We have international dreams."
Oi expects to compete head on with America Movil, Telefonica and Telecom Italia as the company expands in the Americas, Europe and Africa, he said.
Falco forecast the merged company will have 110 million customers in five years from about 46 million now in broadband, wireless, fixed line and pay-television services. Mobile phone clients are seen surging to 38 million in five years from 20.5 million now, while broadband clients may jump four-fold to 12 million from 3.15 million now.
Oi also expects to have 30 million clients outside of Brazil in five years.
Trading in Oi and Brasil Telecom shares was briefly halted during the session before the announcement was made. After trading resumed in Sao Paulo, Brasil Telecom‘s preferred shares tumbled 8.49 percent and Oi fell 3.11 percent.
The combined company would control about 70 percent of Brazil‘s fixed-line market, 18.5 percent of the wireless market and some 40 percent of broadband Internet services. Together, Oi (TNLP4.SA: Quote, Profile, Research) and Brasil Telecom Participacoes (BRP.N: Quote, Profile, Research) had 28.65 billion reais ($17.15 billion) in revenues last year.
The new company will be controlled by local industrial conglomerates Andrade Gutierrez SA and Jereissati Participacoes, both from Oi‘s controlling shareholder group. Brazil‘s national development bank, BNDES, and some state-run pension funds will also hold stakes in the merged company.
Oi said it expects to get legal approval for the deal in 120 days. If the legislation isn‘t changed in 240 days to allow for the takeover, Oi will be required to pay a break-up fee of 490.15 million reais ($293.5 million).
With the deal, U.S.-based Citigroup (C.N: Quote, Profile, Research) will cash out of Brasil Telecom after years of acrimonious disputes and lawsuits with some of its local partners in the shareholder group.
Oi, formerly known as Telemar, is based in Rio de Janeiro and is the dominant player in 16 of Brazil‘s 26 states. Brasil Telecom, based in Brasilia, is the country‘s third-largest fixed-line operator and is present in 10 states.
($1=1.67 reais) (Additional reporting by Alberto Alerigi Jr, Tais Fuoco, Rodrigo Viga Gaier and Elzio Barreto; Editing by Brian Moss, Richard Chang)
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