NK 108 Empreendimentos e Participações SA is agreed to acquire SPE Torres 2 from Oi S.A. for BRL1,697 Million on Aug 22, 2022.
August 21, 2022
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NK 108 Empreendimentos e Participações SA is agreed to acquire SPE Torres 2 from Oi S.A. (BOVESPA:OIBR4) for BRL1,697 Million on Aug 22, 2022, of which BRL1,088 million would be paid at closing and the rest BRL609 million will be paid up to 2026 depending on the future Quantity of infrastructure items to be used which is mentioned in the binding offer which will be reflected in the SPE Torres 2 based on the share repurchase and sale agreement to be negotiated. The transaction was yet to approve by the Administrative Council for Economic Defense (Conselho Administrativo de Defesa Econômica CADE) and by the National Agency of Telecommunications (Agência Nacional de Telecomunicações ANATEL). Rafael Calabria of Barbosa, Müssnich & Aragão Advogados acted as legal advisor to Oi S.A. André Stocche; Rafael Andrade; Guilherme Coelho; Mariana Saragoça; and Luciana Stracieri of Stocche, Forbes, Padis, Filizzola, Clapis Advogados acted as legal advisor to Highline do Brasil II Infraestrutura de Telecomunicações (through the affiliate: NK 108 Empreendimentos e Participações).
Oi SA em Recuperacao Judicial, formerly Oi S.A., is an integrated telecommunications service provider in Brazil. The Company is a switched fixed-line telephony services (STFC) concessionaire. It is engaged in the provision of STFC as a local and intraregional long-distance carrier. Its segments include Residential Services, Personal Mobility, and SMEs/Corporate. It offers a range of integrated telecommunications services that include fixed and mobile, broadband, pay television (TV), data transmission and Internet provider services. The Company's Residential Services segment is focused on the sale of fixed telephony services, including voice services, data communication services (broadband), and pay TV. The Personal Mobility segment is focused on the sale of mobile telephony services to subscription and prepaid customers, and mobile broadband customer. The SMEs/Corporate segment includes corporate solutions offered to its small, medium-sized, and large corporate customers.