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MarketScreener Homepage  >  Equities  >  Bolsa de Valores de Sao Paulo  >  Telefônica Brasil S.A.    VIVT4   BRVIVTACNPR7

TELEFÔNICA BRASIL S.A.

(VIVT4)
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Digital Colony's Highline do Brasil submits top bid for Oi's mobile assets

07/22/2020 | 04:56pm EST
A man leaves the office of Brazilian telecoms company Oi SA in Rio de Janeiro

SAO PAULO, July 22 (Reuters) - Highline do Brasil, a portfolio company of U.S. private equity firm Digital Colony, has presented the best offer for the mobile assets of Brazilian telecom Oi SA and the two parties are entering exclusive negotiations, Oi said on Wednesday.

Oi did not disclose the value of the offer, but said in a securities filing the offer exceeded the minimum established by the Brazilian telecom of 15 billion reais ($2.93 billion).

Digital Colony, backed by U.S. real estate investor Thomas Barrack and Digital Bridge Holdings, is focused on investing in digital infrastructure in Canada, Latin America and Europe.

Reuters, citing two sources, had reported earlier on Wednesday that Digital Colony had submitted a bid. The sources said Digital Colony is interested in Oi's mobile infrastructure assets, not necessarily in providing telecom services directly to consumers.

Digital Colony could seek partnerships with other telecoms players to provide them with services using its infrastructure, which could also involve further asset sales down the road, one of the sources said.

The private equity firm, which has some $20 billion in assets under management, is already talking to one such potential partner, Brazil's fifth largest carrier, Algar Telecom, about a potential deal, they said.

Algar said in a securities filing it is constantly evaluating potential acquisitions and partnerships which may add value to its business.

Highline also delivered a binding proposal to acquire Oi's cellular tower unit for 1.08 billion reais on Friday.

Besides Digital Colony, existing operators TIM Participacoes , Telefonica Brasil SA and America Movil SAB de CV's Claro submitted a joint bid for Oi's mobile assets.

Oi intends to use the asset sale proceeds to fund its growing broadband fiber unit and pay off debt as part of its effort to emerge from bankruptcy protection. ($1 = 5.11 reais) (Reporting by Carolina Mandl; Additional reporting by Gram Slattery; editing by Jonathan Oatis, David Gregorio and Lincoln Feast.)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
AMÉRICA MÓVIL, S.A.B. DE C.V. -0.14% 14.53 End-of-day quote.-3.77%
OI S.A. 5.34% 2.96 End-of-day quote.140.65%
TELEFONICA S.A. 3.26% 3.709 Delayed Quote.-40.44%
TELEFÔNICA BRASIL S.A. -2.26% 45.34 End-of-day quote.-21.80%
TIM PARTICIPAÇÕES S.A. -0.88% 13.46 End-of-day quote.-14.10%
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Financials
Sales 2020 42 966 M 8 088 M 8 088 M
Net income 2020 4 828 M 909 M 909 M
Net Debt 2020 8 835 M 1 663 M 1 663 M
P/E ratio 2020 15,2x
Yield 2020 7,16%
Capitalization 75 461 M 14 142 M 14 204 M
EV / Sales 2020 1,96x
EV / Sales 2021 1,92x
Nbr of Employees 32 793
Free-Float 49,1%
Chart TELEFÔNICA BRASIL S.A.
Duration : Period :
Telefônica Brasil S.A. Technical Analysis Chart | VIVT4 | BRVIVTACNPR7 | MarketScreener
Technical analysis trends TELEFÔNICA BRASIL S.A.
Short TermMid-TermLong Term
TrendsBullishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 2
Average target price 59,00 BRL
Last Close Price 43,40 BRL
Spread / Highest target 42,9%
Spread / Average Target 35,9%
Spread / Lowest Target 29,0%
EPS Revisions
Managers
NameTitle
Christian Mauad Gebara Chief Executive Officer & Director
Eduardo Navarro de Carvalho Chairman
David Melcon Sanchez-Friera Chief Financial & Investor Relations Officer
Francisco Javier de Paz Mancho Director
Luiz Fernando Furlán Director
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