Oi, PT Ready Merger, Capital Raise

Oct 3, 2013

Portugal Telecom (PT) and Brazil’s Oi have agreed to merge, the two say, in a transaction that will hinge on the market providing a capital increase of at least BRL5bn ($2.28bn). The deal is motivated by synergies – though analysts are skeptical about the savings involved – and a simplification of Oi’s shareholding structure. In the transaction, PT shareholders will come away with 38% of the combined company, and Oi’s holders 62%. The new Brazil-based entity combining PT...

To continue reading please take a free trial, subscribe or login below.

Already have an account?


Subscribe now for unlimited access to all current and archive news, data and market analysis. 


Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial

Upcoming Events


Where will capital markets be busiest in 2017?