Oi talks up fiber optic unit

Oi talks up fiber optic unit

Debt Equity Corporate & Sovereign Strategy Economy & Policy Telecoms Brazil Latin America

Brazilian telecommunications company Oi said it has entered negotiations to sell part of its fiber optic unit to subsea cable network operator GlobeNet and local investment bank BTG Pactual. "The agreement aims to ensure security and speed to dealings in progress between the parties and allows, if negotiations of conditions and documents between the parties are satisfactorily concluded, Oi... to guarantee proposers the right to cover other proposals received in the competitive process," the Rio

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