PRIVATE EQUITY DEAL: BTG Infrastructure Fund/GlobeNet
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...
Already have an account?
Subscribe now for unlimited access to all current and archive news, data and market analysis.
Take a free two-week trial now for the latest news, data and market analysis.