Oi secures BRL4.3bn loan to fund BrT deal

17 Jul 2008

Brazilian telecoms group Oi (formerly Telemar) has secured a BRL4.3 billion (USD2.7 billion) loan to fund its takeover of rival telecoms group Brasil Telecom (BrT). The loan with Banco do Brasil will mature in eight years, with payments beginning in 2010.

Brazil, Brasil Telecom (BrT), Oi