(Adds sources on visiting top management in Brazil) RIO DE JANEIRO / MILAN, January 23 (Reuters) – The green light for the sale of the Portuguese Oi to the French group Altice for 7.4 billion euro opens up an offer of Tim Brasil, Telecom Italy, in the short term, told Reuters a source with direct knowledge of the matter. Meanwhile, the top management of Telecom is preparing for a meeting with Brazilian officials next week to test the waters before deciding whether to enter into negotiations and make its own bid for Oi, say two other sources familiar with the matter. According to the first source, the improvement of the financial situation of Oi enable BTG Pactual, the bank that last Oi year gave the post of adviser on the transaction, to continue the work to buy Tim, along with Claro, America Movil group, with the participation of Vivo, Telefonica group. Telefonica has already denied at the end of last year any involvement in talks to buy Tim. The Spanish group could enter the transaction at a later time, because if the acquisition goes ahead l ‘ Brazilian antitrust require division between Tim Brasil Oi, Vivo and Claro. “Any offer that leads to the consolidation of the sector will be discussed in depth. Now with a balanced financial situation, you can make an offer on TIM (…) It will be in the short term, “the source said, without mentioning the values. Oi in August said he had to study the acquisition of the share of Telecom Italy in Tim Brasil. The Italian group in recent weeks has said it intends to explore the possibility of integration with Oi. More …
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