Telefónica Brazil
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Telefonica Brasil recorded earnings of US$214 million in the fourth quarter of 2022 but net losses of 57.2%.
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Brazilian operator Oi SA has exited bankruptcy protection after six years, causing its shares to soar by as much as 53%.
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TIM has confirmed that TIM Brasil, together with Telefônica Brasil (VIVO) and Claro, have sent a notification of the closing to the Oi Group for acquisition of its mobile assets.