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Wireless

Oi receives USD 6 million bid from Visabeira for stake in CST

Friday 6 November 2020 | 15:09 CET | News
Brazilian operator Oi informed the 7th Business District Court of Rio de Janeiro that it had received a USD 6 million bid for its stake in Companhia Santomense de Telecomunicacoes (CST) from Portuguese telecommunciations company Visabeira Global group, reports Telesintese. The transaction would concern 51 percent of the shares, subject to adjustment at the time of closing, for not less than USD 5 million. According to Oi, the operation is in line with the Judicial Recovery Plan approved by creditors in September.

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Categories: Mobile & Wireless
Companies: Oi / Visabeira
Countries: Cape Verde
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