Brasil Telecom to raise USD775 million in bonds and financing

31 Mar 2006

Brazil’s third largest telephone company Brasil Telecom plans to raise BRL1.7 billion (USD775 million) through bonds and financing in 2006 to pay maturing debt and fund new investments. The company is looking to spend between BRL2.3 billion and BRL2.5 billion in the coming year to expand and upgrade its services.

Brazil, Brasil Telecom (BrT)