Oi Brazil
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Brazilian operator Oi SA has exited bankruptcy protection after six years, causing its shares to soar by as much as 53%. -
TIM Brasil along with Telefonica Brasil (VIVO) and Claro have completed the acquisition of Oi Group’s mobile assets for a sum of around 7 billion reais ($1.5 billion).
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TIM has confirmed that TIM Brasil, together with Telefônica Brasil (VIVO) and Claro, have sent a notification of the closing to the Oi Group for acquisition of its mobile assets.
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Rio de Janeiro-based financial group Piemonte Holding has purchased five data centres from Oi for a total cost of US$70 million (R$367 million).
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TIM's shares are trading 8% higher today following the release of the telco's Q4 and FY2020 financial results, themselves bolstered by a two-year transformation project.
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Highline do Brasil, the tower company owned by Digital Colony, is to buy another Brazilian tower company, Phoenix, from existing owner Blackstone.
Forthcoming events
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Brazilian operator Oi has sold its mobile business to a consortium of three other operators for the equivalent of €2.6 billion, according to overnight reports.
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A consortium of América Móvil, Telefónica and TIM subsidiaries in Brazil is set to win its battle for bankrupt company Oi after a rival bidder dropped out.
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A company bought last December by Marc Ganzi’s Digital Colony is set to buy bankrupt Brazilian operator Oi within the next few days.
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TIM confirms that its subsidiary in Brazil TIM S.A., jointly with Telefônica Brasil S.A. and Claro S.A., has submitted a binding offer for Oi Group's mobile business.
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Telefónica and TIM, both with major telecoms businesses in Brazil, have said they are interested in acquiring Brazilian company Oi’s mobile services.
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Brazil’s Oi has sold its 25% stake in Unitel to Angola’s state-owned oil company Sonangol for $1 billion.
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Brazil’s Oi has recently announced the creation of a new B2B business segment called Oi Soluções.
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The Brazilian regulator has said neither it nor the government will intervene if operator Oi needs rescuing.
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Brazilian operator Oi is hoping to raise between 6.5 and 7.5 billion reais ($1.7-$2 billion) for new fibre-based operations by selling some of its non-core assets.
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Troubled Brazilian operator Oi has made a quarterly profit of $170 million after its bankruptcy reorganisation.
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Troubled Brazilian mobile operator Oi is looking at offloading its mobile business to refocus on its fibre unit, according to several reports.
