Metodo wins bidding for Oi’s fixed assets

Metodo wins bidding for Oi’s fixed assets

Brazilian operator Oi announced that Metodo Telecom successfully bid BRL 60.1 million to acquire the fixed telephony assets of the operator going through financial restructuring. Sercomtel also submitted a proposal of BRL 60 million, but Metodo’s all-cash offer met the sale’s conditions. The acquisition is still subject to approval by the regulators Anatel and Cade.