May 11, 2021 |
Brazilian telecommunications company Algar Telecom could issue tax-exempt infrastructure debentures to finance the acquisition of business-to-business telco Vogel Telecom, CFO Túlio Abi-Saber told LatinFinance on Monday.
"This issue is a possibility that may be used. It has been seen as part of an expansion and modernization project of data communication network to provide internet and voice access," he said.
Algar announced on Friday that it had agreed to buy between 85.2% and 100% of São Paulo
Brazilian telco could issue tax-exempt debentures in the local market to fund the $115 mln purchase of the São Paulo-based B2B peer, CFO says