Brazil's Oi confident it can fund mobile deals if needed: CEO

By Leila Abboud BARCELONA (Reuters) - Brazil's largest fixed telecom group Oi said it is confident it could raise cash if it decides to pursue acquisitions to bolster its share of the mobile market following its merger with Portugal Telecom. Zeinal Bava, who became chief executive of the combined Oi and Portugal Telecom after their merger was announced in October, did not rule out a share sale to fund mobile deal-making or to reduce the new company's debt. The merged company would need to raise cash to fund any major acquisitions in Brazil's mobile market, which is dominated by four players but could be reduced to three next year if market leader Telefonica pursues a break-up or sale of third-place Telecom Italia's Tim Brasil.



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