Oi, America Movil, Telefonica to bid for Brazil's TIM -sources
October 31, 2014 at 14:13 PM EDT
SAO PAULO/MILAN, Oct 31 (Reuters) - Brazil's Grupo Oi SA, Mexico's America Movil SAB and Spain's Telefonica SA agreed to place a joint bid worth around 32 billion reais ($13 billion) for control of TIM Participações SA, Brazil's No. 2 wireless carrier, two sources with direct knowledge of the situation said on Friday.