US private equity firm Warburg Pincus is understood to be finalising the purchase of Axxon’s stake in Sao Paulo-based America Net, which offers fixed line, MVNO and corporate solutions to B2B clients. According to O Globo, the deal is valued at around USD100 million. A second report, courtesy of Valor Economico, claims that Axxon currently holds a 37% stake in America Net.
Warburg Pincus to pay USD100m for Axxon’s stake in America Net, report says
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9 Nov 2023
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