Oi Sells Mobile Towers To SBA Torres

News: Brazilian mobile operator Oi's subsidiaries Telemar Norte Leste and BRT Serviços de Internet have concluded a deal to transfer shares that represent 100% of the capital stock of a firm that owns 2,007 mobile telecoms towers to SBA Torres Brasil. The deal is said to be worth BRL1.53bn (US$671.4mn). Oi has also entered into a long-term leasing agreement with SBA Torres for the use of antenna space on each site.

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Related sectors of this article: Telecoms
Geography: Brazil

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