Oi accepts BTG Pactual offer for fiber optic assets

Oi accepts BTG Pactual offer for fiber optic assets

Corporate & Sovereign Strategy Debt Equity Latin America South America Brazil Technology Telecoms Mobile Fixed-Line

Brazil's Oi said Monday that it accepted an offer worth BRL12.9 billion ($2.25 billion) from local investment bank BTG Pactual for a partial stake in InfraCo, a special purpose entity (SPE) that holds the telecommunications company's fiber optic assets. The binding proposal puts InfraCo's enterprise value (EV) at BRL20 billion and lists its net debt at BRL4.11 billion at the end of this year, Oi said in a securities filing. Oi confirmed it received binding offers for its fiber optic unit in Janu

Already have an account?

Free trial

Take a free two-week trial now for the latest news, data and market analysis.

Free Trial