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Tag: brl
Oi accepts BRL 12.9 billion bid for fibre network assets
2021-04-13 08:56:00| Telecompaper Headlines
(Telecompaper) Brazilian operator Oi accepted the revised binding bid submitted by investment bank BTG Pactual to acquire a stake in the company's fibre-optic infrastructure assets (InfraCo)...
Tags: network
bid
assets
billion
Claro, TIM and Telefonica confirm takeover of Oi Movel for BRL 16.5 billion
2020-12-15 10:34:00| Telecompaper Headlines
(Telecompaper) The joint bid of TIM Brasil, Telefonica Brasil and Claro Brasil for Oi's mobile business has been declared the winner, with an offer of BRL 16.5 billion (EUR 2.7 billion). The three rivals increased their bid in July and entered exclusive talks with Oi in August. No higher bidders appear to have emerged, allowing the three companies to divide up the business amongst themselves.
Tags: confirm
tim
billion
claro
TIM, Telefonica and Claro update bid for Oi's mobile business to BRL 16.5 billion
2020-07-28 08:32:00| Telecompaper Headlines
(Telecompaper) TIM Brasil, Claro and Telefonica Brasil have submitted an updated binding bid for the acquisition of Oi's mobile assets worth BRL 16.5 billion (EUR 2.73 billion). The offer also envisages long-term agreements to use Oi's infrastructure. The bid is subject to the companies being named the 'stalking horse' in the bidding, which gives them the right to match or improve on any higher offers received by Oi.
Tags: business
mobile
update
bid
Oi aims to sell mobile unit for at least BRL 15 billion
2020-06-19 13:00:00| Telecompaper Headlines
(Telecompaper) Oi has announced that it plans to sell its mobile unit (Oi Movel) for at least BRL 15 billion. It also aims to set up separate entities for investments, operation and maintenance of telecommunications infrastructure. In total, it expects to raise BRL 22.8 billion from the sale of the mobile division, data centres (minimum asking price BRL 325 million), towers (BRL 1 billion) and the infrastructure unit.
Tags: mobile
sell
unit
billion
Sinch to buy Brazil's Wavy from Movile, sees up to BRL 20 mln synergies in 2 years
2020-03-27 09:51:00| Telecompaper Headlines
(Telecompaper) Swedish mobile messaging service provider Sinch said it has signed a definitive agreement to acquire Brazilian messaging company Wavy for BRL 355 million in cash and 1.53 million new shares issued to owner Movile, and expects to complete the deal in the second half of 2020. Merger synergies are expected to reach BRL 15-20 million over the coming 24 months. Sinch has increased its credit facility by SEK 600 million for future acquisition opportunities, too.