Telemar to Unveil Brazil Loan

Telemar to Unveil Brazil Loan

People Corporate & Sovereign Strategy

Brazilian telecom Telemar is set to unveil the remaining portion of its M&A financing package for the acquisition of Brasil Telecom this week. CEO Luiz Eduardo Falco tells LatinFinance the 1-year bridge is being done in the local Brazilian bank market. In September, the company scrapped an attempt to raise $1.5bn in the cross border bond market. Bankers leading it said at the time that the company would fall back on Brazilian banks to complete the financing. Falco says Telemar’s M&A financing ne

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