“We estimate that in 2025 InfraCo will pay R$851 million in dividends and R$2 billion more in 2026,” the bank comments. The development in payments is due to the improvement in discounted cash flow and the estimated value of the enterprise at R$35 billion.
BTG also did a public analysis About the strategic plan of Hey (OIBR3; OIBR4) for the year 2024. According to analysts, the figures released by the company are in line with the estimates raised by the report, except for the largest cash burn in 2021 and for some commitments that will not increase leverage.
The financial institution explains that “once the asset sales and debt repayments are completed, Oi will have a net debt of R$ 6.5 billion more than we initially expected, mainly due to stronger than expected cash consumption in 2021.”
In addition, experts estimate that the company’s net debt should peak at R$11.4 billion in 2024 and then tend to decline.
Finally, BTG commented that it sees an 87% increase in Oi’s stake.
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