Radar > 230827

Oi receives proposal for USD 4bn investment from LetterOne

Oi recebe proposta de aporte de capital no valor de USD 4bi da LetterOne

Intel ID : 230827
Synopsis

Brazilian telecommunications company Oi (BVMF:OIBR4;NYSE:TNE) received an offer for a USD 4bn investment from Luxembourg-based private equity firm LetterOne, as reported by the company through a relevant fact published on 26 October 2015.

This possible investment has been a market speculation over the last two weeks. (see related intel)

According to LetterOne's proposal, the investment is tied to the consolidation of the telecommunications industry in Brazil, involving a potential business agreement with TIM Participações.

This proposal will be analyzed by Oi, together with its legal and financial advisors, including Banco BTG Pactual (BVMF: BPAC3).
(content in portuguese)

A empresa de telecomunicações Oi (BVMF:OIBR4;NYSE:TNE) recebeu uma oferta de um aporte de capital no valor de USD 4bi da private equity com sede em Luxemburgo, LetterOne, segundo publicou a própria Oi em Fato Relevante do dia 26 de outubro de 2015.

A possível pela private equity já era especulada pelo mercado a cerca de duas semanas (ver Intel relacionado).

De acordo com a proposta da LetterOne, o investimento está condicionado com a consolidação do setor de telecomunicações no mercado brasileiro envolvendo uma potencial combinação de negócios com a TIM Participações.

A proposta será devidamente analisada pela Companhia, em conjunto com seus assessores legais e financeiros, que incluem o Banco BTG Pactual (BVMF:BPAC3).

Relevant Documents

Bidder

LetterOne
Luxembourg

Target

Oi
Brazil

Advisors

retained

Intel ID 230827
Value EUR 941,60m
Native Currency Brazilian Real (BRL)
Exchange Rate:
Financial Data - Oi
(31 Dec 2024)
Revenue: EUR 496,50m
Net Debt: EUR 1.592,53m
Exchange Rate:
Date
Country
Region
Continent
Geography
Subsector (Old TTR Sectors)
Type
Intel Grade
Source
Tags

Bidder

Name
verified
Subsector (Old TTR Sectors)
Services and Distribution / Financial and Insurance (Primary)
Country
Website
Description

Target

Name
verified
Subsector (Old TTR Sectors)
Technology and Telecoms / Telecoms (Primary)
Primary Sector (TTRSC)
60.02.01 Integrated Communication Services
60 Telecommunications / 60.02 Telecommunications & Networking Services

Country
Website
Description

Related Entity

Name
Subsector (Old TTR Sectors)
Technology and Telecoms / Telecoms (Primary)
Primary Sector (TTRSC)
60.02.01 Integrated Communication Services
60 Telecommunications / 60.02 Telecommunications & Networking Services

Country
Website
Description

Financial Advisory

Radar

Date Title Type Intel Grade Country Subsector  

Legend:

verified Verified: Confirmed as a party to an active or possible transaction.

potential Potential: Unconfirmed as a party to an active or possible transaction.

retained Retained: Confirmed as “Retained” with a general or specific mandate.

prospect Prospect: Advisory “Prospect” in discussions with or pitching services to possible client.

Transactional data is continuously updated by the research team and therefore is subject to change.