Claro will pay $685 mm for its part in Oi’s mobile network

Claro announced it will pay R$ 3.7 billion ($685 mm) for its participation in Oi’s mobile network, as part of a joint negotiation with TIM and Vivo. Altogether, the transaction totals R$ 16.5 billion ($3 bn). Therefore, Claro’s stake corresponds to 22.4% in terms of disbursements.

Source: UOL Economia