Highline do Brasil, a portfolio company of U.S. private equity firm Digital Colony<\/a>, acquired the tower unit for 1.067 billion reais ($201 million), while Titan Venture Capital, a private equity vehicle of Rio de Janeiro investment fund Piemonte Holding, won the bid for the data center<\/a> unit for 325 million reais.
Both companies presented the only bid for the respective assets in an auction that was overseen by a Rio de Janeiro bankruptcy judge.
Oi plans to use the sale proceeds to help exit bankruptcy protection.
<\/body>","next_sibling":[{"msid":79438336,"title":"Telecom Italia says EU sees no concentration risks in FiberCop project","entity_type":"ARTICLE","link":"\/news\/telecom-italia-says-eu-sees-no-concentration-risks-in-fibercop-project\/79438336","category_name":null,"category_name_seo":"telecomnews"}],"related_content":[],"msid":79438385,"entity_type":"ARTICLE","title":"Brazil's Oi sells tower and data center units in $260 mln deal","synopsis":"Brazilian telecom Oi SA sold in an auction on Thursday its data center and tower units, in an operation that fetched about $260 million for the cash-strapped company.","titleseo":"telecomnews\/brazils-oi-sells-tower-and-data-center-units-in-260-mln-deal","status":"ACTIVE","authors":[],"analytics":{"comments":0,"views":490,"shares":0,"engagementtimems":2355000},"Alttitle":{"minfo":""},"artag":"Reuters","artdate":"2020-11-27 08:02:09","lastupd":"2020-11-27 08:03:56","breadcrumbTags":["Oi SA","Data center","DIGITAL COLONY","Oi SA data centers","Oi SA towers","Industry","international","tower units","telecom news"],"secinfo":{"seolocation":"telecomnews\/brazils-oi-sells-tower-and-data-center-units-in-260-mln-deal"}}" data-news_link="//www.iser-br.com/news/brazils-oi-sells-tower-and-data-center-units-in-260-mln-deal/79438385">