Highline presents best offer for Oi's mobile business

Highline presents best offer for Oi's mobile business

M&A Telecoms Brazil US Europe Mexico

Highline do Brasil, a mobile phone tower company backed by the US private equity firm Digital Colony, has presented the best offer to buy the mobile phone business from Brazilian telecommunications carrier Oi, according to a securities filing. Highline and Oi have entered exclusive talks and have until August 2 to reach an agreement, although they may extend the deadline, the Brazilian company said in the filing on Wednesday. Oi did not reveal the size of the offer, but it said it was higher tha

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