Bankrupt Brazilian Carrier Announces Asset Sales

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Brazilian telecom carrier Oi SA, operating under bankruptcy court supervision, announced a reorganization plan to sell certain assets last Tuesday, reported ET Telecom. It  plans to sell various assets, including Oi’s wireless telephone business, data center operations, and additional infrastructure. 

According to ET Telecom, Oi is in talks with TIM Participacoes, Telefonica Brasil, and Claro SA (owned by American Movil) to acquire its business. The three parties made a joint bid of $3.08 billion for the company and its assets.

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