Oi hires BofA to accelerate mobile telephony sale

Oi (OIBR4) hired Bank of America to accelerate the sale of its participation in mobile telephony. The operators Vivo, Claro and Tim were informed of the operation with which Oi expects to obtain R$15 billion ($3.5 b). The announcement comes days after Oi (OIBR3) confirmed the sale of Unitel, its subsidiary in Africa, to Sonangol, for $1 billion.

Source: Eu Quero Investir