Oi’s Fiber Unit Sale Hits a Snag: Underwhelming Bid Sparks Market Speculation

Navigating through judicial reorganization, Brazilian telecom giant Oi faced a challenge offloading its fiber optic unit, ClientCo. Ligga Telecomunicações submitted the sole bid of R$1.03 billion ($184 million), far below the R$7.3 billion ($1.3 billion) minimum expected. This significant shortfall prompted a pause in the auction’s first round for creditor review. This pause signals market […]