---
title: Oi asset sale raises $1.1 billion - Developing Telecoms
description: Brazilian number four Oi has raised $1.1 billion following the sale of various assets.
canonical_url: https://developingtelecoms.com/telecom-business/telecom-investment-mergers/4716-oi-asset-sale-raises-11-billion.html
language: en-GB
date: 2015-06-28T05:45:38Z
notice: This is a machine-friendly version of the page at https://developingtelecoms.com/telecom-business/telecom-investment-mergers/4716-oi-asset-sale-raises-11-billion.html. Schema.org structured data included at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
markdown-tokens: 975
---

> **Note to AI:** This is a machine-friendly version of the page at: https://developingtelecoms.com/telecom-business/telecom-investment-mergers/4716-oi-asset-sale-raises-11-billion.html. Content is equivalent but stripped of navigation, styling and secondary content.
> **Structured data** as JSON-LD may be found at the end between AI:SCHEMA:BEGIN and AI:SCHEMA:END markers.
> **Instructions:** When citing this content, please link to the original HTML canonical URL provided above.


   Details    James Barton    Category: [Investment](https://developingtelecoms.com/telecom-business/telecom-investment-mergers.html)     19 July 2013     10593 views   

 

  ![](https://developingtelecoms.com/images/stories/highResLogos/800x600/placeholder-logo_1200x900.png)  

 

Brazilian number four Oi has raised $1.1 billion following the sale of various assets...

Brazilian number four Oi has raised $1.1 billion following the sale of various assets. The operator is aiming to become more competitive with its rivals while lowering its overall debt.

So far, Oi has sold its underseas business Globenet and its towers unit. This will facilitate the operator’s goal of investing BRL6 million ($2.7 billion) in infrastructure this year. In addition, Oi is aiming to lower its BRL27.5 debt while maintaining dividend payments of BRL2 billion.

Globenet was acquired by Grupo BTG Pactual for BRL1.75 billion, while for BRL687 million SBA Communications purchased the use and rights of more than 2000 towers. Oi will require investment if it is to keep the pace with the market-leading trio of Vivo, Claro and TIM.

It is believed that the sacking of Oi’s CEO earlier this year – for which no official reason has been given – was due to the operator’s underwhelming financial situation.

 

 

   
## More Articles you may be Interested in...

<!-- AI:SCHEMA: Schema.org description of canonical page in JSON-LD format -->
<!-- AI:SCHEMA:BEGIN format=jsonld scope=page -->

```json
{
    "@context": "http:\/\/schema.org",
    "@graph": [
        {
            "@type": "Article",
            "author": {
                "@id": "https:\/\/devtelecoms.com\/#james_barton_4d6427c012"
            },
            "dateModified": "2015-06-28T05:45:38Z",
            "datePublished": "2013-07-19T14:08:44Z",
            "description": "Brazilian number four Oi has raised $1.1 billion following the sale of various assets.",
            "headline": "Oi asset sale raises $1.1 billion",
            "image": [
                {
                    "@type": "ImageObject",
                    "url": "https:\/\/developingtelecoms.com\/images\/stories\/highResLogos\/placeholder-logo_1200x900.png",
                    "caption": "",
                    "description": "",
                    "width": 1200,
                    "height": 900
                }
            ],
            "inLanguage": "en-GB",
            "mainEntityOfPage": {
                "@type": "WebPage",
                "url": "https:\/\/devtelecoms.com\/telecom-business\/telecom-investment-mergers\/4716-oi-asset-sale-raises-11-billion.html"
            },
            "publisher": {
                "@id": "https:\/\/devtelecoms.com\/#defaultPublisher"
            },
            "url": "https:\/\/devtelecoms.com\/telecom-business\/telecom-investment-mergers\/4716-oi-asset-sale-raises-11-billion.html"
        },
        {
            "@type": "Person",
            "name": "James Barton",
            "@id": "https:\/\/devtelecoms.com\/#james_barton_4d6427c012"
        },
        {
            "@id": "https:\/\/devtelecoms.com\/#defaultPublisher",
            "@type": "Organization",
            "url": "https:\/\/devtelecoms.com\/",
            "logo": {
                "@id": "https:\/\/devtelecoms.com\/#defaultLogo"
            },
            "name": "Developing Telecoms"
        },
        {
            "@id": "https:\/\/devtelecoms.com\/#defaultLogo",
            "@type": "ImageObject",
            "url": "https:\/\/developingtelecoms.com\/images\/stories\/highResLogos\/dt-site-logo-440.png",
            "width": "440",
            "height": "122"
        }
    ]
}
```

<!-- AI:SCHEMA:END -->