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Tuesday, June 30, 2020

Algar and the Cingapura fund interested in Oi's fixed infrastructure

Algar Telecom and the Cingapura GIC fund (which has 25% of Algar) are willing to participate in the dispute over Oi's operations, as are TIM, Vivo and Claro, although in this case they are exclusively interested in fixed operations, according to the newspaper O Globo.

It should be remembered that in its new Judicial Recovery Plan, Oi has the proposal to dismember its fixed structure in two companies and in this case they are interested in the part of infrastructure, InfraCo, where Oi can sell between 25.5% and 51% of the shares, at a value of US$ 4.163.8 billion with the majority shareholding.

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