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São Paulo – Operator Oi (OIBR3;OIBR4), in judicial reorganization, on Friday (1) announced the completion of the sale of its Infraco fiber optic unit, for R$12.9 billion, to BTG Pactual and Globenet Cabos Submarinos funds.
According to a relevant fact, the contract includes a primary installment, in the amount of R$3.3 billion, a secondary installment, in the amount of R$6.5 billion, and two additional primary installments, totaling R$1.6 billion, in addition to the incorporation of the investor, in the amount of R$1.5 billion.
After these steps, shareholders will receive shares representing 57.9% of InfraCo’s voting and total share capital, with Oi and its affiliates remaining with the remaining voting participation and total share capital.
The actual conclusion of the transaction is also subject to the approval of the Administrative Council for Economic Defense (Cade) and the prior approval of Anatel, in addition to the fulfillment of the usual prior conditions for transactions of this type, stipulated in the contract.
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Charlotte Whitmore is a contributor at Mediarunsearch.co.uk, covering a broad range of topics including news, politics, business, technology, sport, entertainment, and lifestyle. She focuses on delivering clear, balanced reporting and practical information that helps readers stay informed about current events and emerging developments. Her work highlights stories that matter to everyday audiences, with an emphasis on accuracy, relevance, and accessible journalism that keeps readers connected to the issues shaping the UK and beyond.