Representatives of U.S. private equity firm TPG Capital Management LP and state-owned China Telecom Corp Ltd (0728.HK) met with Brazil’s solicitor general on Monday to discuss a possible takeover of debt-laden telecom provider Oi SA(OIBR4.SA).

The parties did not address reporters after the meeting in Brasilia.

The two groups have approached Oi about purchasing the company once it emerges from bankruptcy protection, in a process that would involve a capital injection, an executive told Reuters in September.

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