Oi Collects US$1 Billion by Promoting Stake in Angolan Telecoms Operator


RIO DE JANEIRO, BRAZIL – Oi has formally bought its stake in Unitel to the state-owned oil firm Sonangol. The Brazilian firm is underneath judicial reorganization and has been promoting off non-essential property. It held 25 p.c of the Angolan operator’s shares and the transaction totaled US$1 (R$four) billion.

Oi was to be paid R$699.1 million of the full value on Friday, January 24th. The oil firm Sonangol had pre-paid US$60.9 million; the remaining US$240 million shall be credited by July 31st, 2020, with a minimal month-to-month payout of US . . .

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