Telefônica Brasil, TIM and Claro’s Acquisition of Oi Assets


Veirano Advogados advised Claro Brasil; BMA – Barbosa Müssnich Aragão advised Oi; Pinheiro Neto Advogados advised TIM Participações; Machado, Meyer, Sendacz e Opice Advogados in Brazil and Uría Menéndez España (Global) in Spain advised Vivo S.A. (Telefônica Brasil) in the transaction.

The consortium formed by Telefônica Brasil, TIM and Claro have signed an exclusive agreement with Oi to negotiate the acquisition of the company’s mobile assets business. The deal value is BRL 16.5bn.

The main assets are: terms of authorization for the use of radio frequency; personal mobile service customer base; right to use space in real estate and towers; access or core mobile network elements; systems/platforms.

Veirano Advogados advised Claro S.A. with a team including Partners Alberto Bragança (Picture), Leonardo Maniglia Duarte, Paulo Campana, Vitor Rozenthal, and Associates Julia Tamer Langen and Pedro Salgueiro Figueiredo.

Barbosa, Mussnich, Aragão Advogados advised Oi S.A. with a team led by Partner Sergio Savi.

Pinheiro Neto Advogados team advising Tim S.A. included Partner Marcelo Moura, Partner Giuliano Colombo, and André Santa Ritta.

Machado Meyer Advogados advised Vivo S.A. (Telefônica Brasil) with Adriana Pallis Romano (Partner), Bruna Marrara Martinez (Partner), Fernando Tonanni (Partner), Marcos Paulo Veríssimo (Partner), Renata Oliveira (Partner), Ana Carolina Lopes de Carvalho (Senior Associate), Giovanna Luz Podcameni (Lawyer), Lucas Zamproni Martins Ferreira (Associate).

Uría Menéndez España (Global) advised Vivo S.A. with Luis Acuña Alonso (Partner), Pablo Gónzalez-Espejo (Partner), and Cristina Gracia Colldeforns (Senior Associate).

Involved fees earner: Sérgio Savi – Barbosa, Müssnich & Aragào; Ana Carolina Lopes de Carvalho – Machado Meyer Advogados; Bruna Marrara – Machado Meyer Advogados; Renata Oliveira – Machado Meyer Advogados; Adriana Pallis – Machado Meyer Advogados; Giovanna Luz Podcameni – Machado Meyer Advogados; Fernando Tonanni – Machado Meyer Advogados; Marcos Paulo Verissimo – Machado Meyer Advogados; Lucas Zamproni Martins Ferreira – Machado Meyer Advogados; Giuliano Colombo – Pinheiro Neto; André da Costa Santa Ritta – Pinheiro Neto; Marcelo Viveiros de Moura – Pinheiro Neto; Luis Acuña – Uría Menéndez; Cristina Gracia Colldeforns – Uría Menéndez; Pablo Gonzalez-Espejo – Uría Menéndez; Paulo Fernando Campana Filho – Veirano Advogados; Alberto de Orleans e Bragança – Veirano Advogados; Leonardo Maniglia Duarte – Veirano Advogados; Vitor Rozenthal – Veirano Advogados; Pedro Salgueiro Figueiredo – Veirano Advogados; Julia Tamer Langen – Veirano Advogados;

Law Firms: Barbosa, Müssnich & Aragào; Machado Meyer Advogados; Pinheiro Neto; Uría Menéndez; Veirano Advogados;

Clients: Claro S.A.; Oi S.A.; Telefônica Brasil S.A.; TIM Brasil;

Author: Ambrogio Visconti.