PRIVATE EQUITY DEAL: BTG Infrastructure Fund/GlobeNet

Jan 17, 2014

Brazilian telecom Oi freed capital and cut debt by selling a submarine cable system, but still kept access to the network

When Brazilian telecom Oi sought a way to tidy up its balance sheet in early 2013, it looked to monetize its non-core assets. It found just that solution with the sale of its undersea cable operation, Brasil Telecom Cabos Submarinos, known as GlobeNet, which holds 22,500 kilometers of cables connecting Bermuda, Brazil, Colombia, the...

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?