Shareholders of Brazilian telecoms group Telemar Participacoes, which markets Oi-branded services in the country through Brasil Telecom, Tele Norte Leste Participacoes and Telemar Norte Leste, have agreed a plan to simplify the firm’s organisational structure, allowing its management to resume networks investments and set up a new dividend policy. In August last year the operating units’ respective boards approved a merger plan to create a single entity that will be Brazil’s second largest fixed and mobile operator by revenue
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OVETEL Telemar restructuring agreed; telco plans to resume investment
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