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China Telecom Corp Ltd stock price
China Telecom Corp Ltd latest news:
China Telecom may spend up to $6 bln to control Brazil's Oi -source
China Telecom Corp may invest up to 20 billion reais to acquire a majority stake in Brazilian carrier Oi SA (OIBRQ), a source with knowledge of the matter told Reuters on Friday. A potential deal would only happen after the debt-laden company, which filed for Latin America's largest bankruptcy proceeding 17 months ago, resolves its disputes with creditors, the source added.