Oi sets asking price for mobile business

Oi sets asking price for mobile business

M&A Debt Telecoms Brazil Africa Europe

Brazilian telecommunications company Oi has included the sale of its mobile phones business in its recovery plans, looking to raise at least BRL15 billion ($2.91 billion) to help it emerge from bankruptcy proceedings that started in 2016. Oi also expects to earn at least BRL6.5 billion from the sale of its fiber optics network along with BRL1 billion for its cell towers and BRL325 million for its data centers, bringing the estimated total from the upcoming asset sales at BRL22.8 billion, accordi

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