Oi will continue to offload assets that it considers to be non-core as it looks to bolster its finances, the head of the Brazilian telco has said.
Between December 2012 and December 2013 the company raised R$5.28bn (US$2.21bn) by selling mobile and…
Oi will continue to offload assets that it considers to be non-core as it looks to bolster its finances, the head of the Brazilian telco has said.
Between December 2012 and December 2013 the company raised R$5.28bn (US$2.21bn) by selling mobile and fixed towers, real estate, and its subsea cable business Globenet, according to its Q4 2013 results.
Speaking on a conference call Zeinal Bava said Oi, which is set to close its merger with Portugal Telecom soon, would look to sell more of its towers without providing further details.
Bava has previously said he expects the Oi merger to close at the end of April or some time in Q2. The companies have estimated that they could generate US$2.5bn in synergies.
