Telefonica, TIM plan joint bid for bankrupt Brazilian carrier Oi

Telefonica Brasil SAand TIM Participações SAhave expressed interest in negotiating a joint offer to buy bankrupt Brazilian carrier Grupo Oi SA , the two companies said on Tuesday in securities filings.The companies informed Oi's financial advisor Bank of America Merrill Lynch of their interest in starting negotiations for a potential acquisition of all or part of the carrier that filed for the largest-ever bankruptcy in Latin America in 2016.Telefonica, the Brazilian subsidiary of