Brazil’s Oi looking for international expansion after the completion of BrT integration

According to the chief Exeutive of Brazil’s Oi, Brazil’s largest telecoms operator by subscribers, the company has big plans to expand its footprint on the international stage, once it is through with the full integration of fellow operator, Brasil Telecom (BrT).

The Oi chief executive Luiz Eduardo Falco opined that the global economic credit crisis has weakened possible takeover targets, making potential suitors more cautious about going after them. However he believed that the situation also opens opportunities for the company to take their first step abroad. All they need to do is to integrate Brasil Telecom.

Though the company didn’t disclose the name of its potential targets, it mentioned that they are looking for opportunities in Argentina, Colombia, Uruguay, the Middle East and Africa.