Portugal Telecom returns to Brazil
Thursday, 27th January 2011 by Rosie Cresswell
Portugal Telecom has turned to Garrigues Abogados' Lisbon office and Souza, Cescon, Barrieu & Flesch
Advogados in Brazil for its US$5 billion acquisition of a stake in Brazil's largest telecoms group, Oi - the
same firms the group hired for the sale of its share in Vivo to Spain's Telefónica.
Portugal Telecom's next target in Brazil is Oi (Credit: Nicolas Nova)
Four Brazilian firms are thought to be advising Oi - Barbosa Müssnich & Aragão has confirmed its participation
and Ulhôa Canto, Rezende e Guerra - Advogados, Bocater, Camargo, Costa e Silva – Advogados and Eskenazi
Pernidji Advogados are said to be involved too.
Portugal Telecom sold its 50 per cent share in Vivo to Telefónica last year, despite the Portuguese government's
attempts to stop the deal from going ahead because it wanted the company to remain in Brazil.
Through the latest deal, Oi will also take a 10 per cent stake in the Portuguese company.
Oi, also known as Telemar, has a 30 per cent share of Brazil's fixed-lined telecoms market and 20 per cent of
wireless operations. In 2008 it announced plans to acquire Brasil Telecom for US$3.5 billion, to create the
country's largest telecoms company – a deal that required a change to the country's telecoms law and went
under heavy scrutiny from the antitrust authorities before it could proceed.
Barbosa Müssnich, Ulhôa Canto Rezende, Bocater Camargo and Eskenazi Pernidji all participated in that deal,
with White & Case LLP providing international advice.
Counsel to Portugal Telecom
Brazil
• Souza, Cescon, Barrieu & Flesch Advogados
Partners Maria Cristina Cescon, Gyedre Oliveira and Carlos Augusto Junqueira, and associates Cristina
Ramos, Carla Casagrande, Fernanda Cardoso, Rafael Malheiro, Carla Hoe, Juliana Rodrigues, Ricardo
Freoa, Maria Clara Troncoso and Tamara Ribeiro
Portugal
• Garrigues Abogados
Diogo Leonidas Rocha and Marta Graça Rodrigues
Counsel to Oi
• Barbosa Müssnich & Aragão
Partners Luiz Antonio de Sampaio Campos and associates Rafael Padilha Calábria, Bruna Zoghbi Brick,
Felipe Guimarães Rosa Bom and Clarisse Mello Machado Schlieckmann
• Ulhôa Canto, Rezende e Guerra – Advogados
• Bocater, Camargo, Costa e Silva - Advogados
• Eskenazi Pernidji Advogados
We were unable to confirm lawyers' names of the last three firms in time for publication
Comments
There are currently no comments.
Copyright © 2011 Law Business Research Ltd. All rights reserved. | http://www.lbresearch.com
87 Lancaster Road, London, W11 1QQ, UK | Tel: +44 207 908 1188 / Fax: +44 207 229 6910
http://www.latinlawyer.com | [email protected]