January 24, 2020 / 4:10 PM / in a month

Brazilian telecom Oi sells its 25% stake in Unitel to Sonangol - filing

SAO PAULO, Jan 24 (Reuters) - Brazilian telecom carrier Oi SA said it has sold its 25% stake in Unitel to Angola’s state-oil company Sonangol for $1 billion, according to a securities filing on Friday.

Oi, which is in bankruptcy protection, said it will receive $699.1 million upfront. Sonangol has previously paid $60.9 million and $240 million are to be made in guaranteed payments by July 2020. (Reporting by Carolina Mandl Editing by Chizu Nomiyama)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below