By Benjamin Horney (September 17, 2014, 5:29 PM EDT) -- Brazilian telecom powerhouse Oi SA plans to try and sell its 75 percent stake in Africatel Holdings BV in order to raise money to make an offer for mobile phone company TIM Participacoes SA, Reuters reported on Wednesday. TIM could be worth up to $12.8 billion, according to the report, and Oi's board authorized the company's management to begin looking for potential buyers on Tuesday. The news comes as Oi is in the midst of a dispute with Samba Luxco, a minority shareholder of Africatel Holdings, according to the report. Samba Luxco, which owns a 25 percent stake in Africatel Holdings, recently informed Oi that it plans to sell its share, despite Oi believing it would be in the best interests of both sides to work together rather than seeking separate deals, according to the report....
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