Oi hires adviser to sell fiber optic network

Oi hires adviser to sell fiber optic network

M&A Corporate & Sovereign Strategy Debt Telecoms Brazil

Brazilian telecommunications company Oi said it has hired Lazard as financial adviser for the sale of a fiber optic network and other assets. Lazard and the other financial adviser, Bank of America, will work on selling Oi's non-core assets to raise money to finance its investment plans, the company said in a securities filing. Oi, which filed for bankruptcy in 2016, has said it intends to sell its mobile phone towers and its mobile phone carrier, Oi Móvel, along with other non-core assets, incl

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