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Timorese businessmen, Fiji pension fund eye Oi’s Timor Telecom stake

Connectivity BusinessbyConnectivity Business
September 7, 2016
in Investments, Space Services
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East Timor businessmen Abílio Araújo and Nilton Gusmão and a Fiji pension fund are reportedly interested in buying a stake in Timor Telecom from Brazilian telco Oi, which in late June filed for bankruptcy protection to restructure R$65.4bn (US$19.3bn) of debt. Abílio Araújo told Portuguese news agency Lusa that meetings with Oi representatives are still ongoing, and only after they are […]

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Tags: Asia PacificOiPharol SGPSPremiumSociete MondialeTF248Timor Telecom
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