Four bidders show interest in Brazil's Ligga Telecom - report
The sale of Brazilian regional broadband operator Ligga Telecom, owned by local businessman Nelson Tanure, is progressing with at least four interested parties, namely Vivo, Brasil TecPar and Sky, reports Valor Economico. Rothschild is managing the process, which has now entered the due diligence phase. Tanure aims to sell Ligga for approximately BRL 2 billion, close to the BRL 2.4 billion he originally paid for the asset. Operationally, Ligga reported BRL 1.27 billion in debt and BRL 407.8 million in cash