Algar Telecom reported the sale of 25% of its shares to Archy, of Singapore, for a total of US$ 260.3 million, of which US$ 91.6 million will be through shares of capital increase and US$ 168.7 million in two installments.
The company also indicated that this operation has already been approved by the ANATEL (National Telecommunications Agency) and by the CADE (Administrative Council for Economic Defense).