0
Wireless

Oi expects to conclude sale of mobile unit in early 2022

Friday 14 May 2021 | 13:40 CET | News
Brazilian operator Oi expects that the execution of the sale of its non-core assets may be pushed back slightly by delays in regulatory approval for the transactions, especially for Oi Movel. Speaking to analysts, CEO Rodrigo Abreu said that the regulatory and competition analysis will be completed by the end of 2021 and the closing of the deals should be sealed in early 2022, reports Telesintese. The initial forecast was for completion of the deals by the end of 2021.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Oi
Countries: Brazil
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Oi reduces cash burn in July

Published 20 Sep 2021 13:35 CET | Brazil
Brazilian operator Oi and its companies in judicial reorganization achieved a negative net operating cash flow of BRL 168 million ...

Oi returns to net profit in Q2, EBITDA lower

Published 12 Aug 2021 12:16 CET | Brazil
Brazilian operator Oi posted a net profit of BRL 1.13 billion in the second quarter of 2021 at group level, reversing the BRL 3.4 ...

Brazilian anti-trust authority calls Oi Movel sale 'complex', may need more time

Published 26 Jul 2021 13:49 CET | Brazil
The Superintendence of Brazil's Administrative Council for Economic Defense (CADE) has declared as "complex" the sale of Oi's ...

Oi reduces cash burn in May

Published 19 Jul 2021 12:30 CET | Brazil
Brazilian operator Oi ended May with a negative net operating cash flow of BRL 263 million, compared to a negative BRL 629 ...

Oi announces partial sale of InfraCo to Globenet and BTG Pactual

Published 08 Jul 2021 15:07 CET | Brazil
Brazilian operator Oi has announced the partial sale of its InfraCo unit to Globenet and BTG Pactual, the only bidders to submit ...

Oi Movel sale to Vivo, TIM and Claro faces growing opposition

Published 22 Jun 2021 15:15 CET | Brazil
The purchase of Oi Movel by a consortium made up of Vivo, TIM and Claro, agreed at auction for a bid of BRL 16.5 billion in ...

Oi Movel to issue BRL 2 billion in debentures

Published 22 Jun 2021 14:50 CET | Brazil
Brazilian operator Oi has announced the issue of debentures worth BRL 2 billion by Oi Movel, its mobile unit that has already ...

Oi cash burn increases in April

Published 21 Jun 2021 09:50 CET | Brazil
Brazilian operator Oi ended April with a negative net operating cash generation of BRL 629 million, a deterioration of BRL 192 ...

Algar aims to suspend Oi Movel sale

Published 03 Jun 2021 14:02 CET | Brazil
Regional operator Algar Telecom has accused the consortium formed by rivals TIM Brasil, Telefonica Brasil (Vivo) and Claro of ...

Oi sees 6% drop in Q1 revenue to BRL 4.45 billion

Published 13 May 2021 16:03 CET | Brazil
Brazilian operator Oi recorded net revenue of BRL 4.45 billion in the first quarter of 2021, down 6.2 percent on the same period ...

Oi sale of mobile business attracts industry opposition in competition review

Published 04 May 2021 15:03 CET | Brazil
Brazil's Administrative Council for Economic Defense (Cade) has accepted competitors and industry associations and consumers as ...

Claro, TIM and Vivo seek Anatel clearance for Oi mobile acquisition

Published 26 Mar 2021 11:40 CET | Brazil
Claro, TIM and Vivo, together with Oi, have requested prior consent from Brazil's National Telecommunications Agency (Anatel) for ...