Telefonica readying joint offer for TIM Brasil-report

MILAN, Jan 3 (Reuters) - Telefonica is working on a joint offer to take over TIM Participacoes and break up the local wireless unit of Telecom Italia also known as TIM Brasil, an Italian daily said...

from Reuters: Mergers News http://feeds.reuters.com/~r/reuters/mergersNews/~3/ZYcUMNit_3Y/story01.htm