Brazilian full-service telecoms operator Oi has published a new ‘Strategic Plan’ document, setting out its priorities going forward. Top of the agenda is a willingness to ‘leverage its non-replicable network to become the fibre-to-the-home (FTTH) national leader and 5G enabler in the country’. With this in mind, Oi expects to pass 4.6 million homes with its FTTH infrastructure by end-2019, rising to 16 million by end-2021.
In addition, the telco seeks to unlock capital by divesting a number of non-core assets, including its cell towers, data centres and its 25% stake in Angolan mobile operator Unitel. The tower divestment is expected to come to fruition in 4Q19, with data centres likely to be offloaded in H1 2020. The Unitel stake sale is likely to occur in the fourth quarter of 2019 meanwhile, following arbitration. Real estate and other non-strategic assets will also be put up for sale. The assets are projected to generate cash of between BRL6.5 billion and BRL7.5 billion (USD1.7 billion-USD2.0 billion).
Contrary to previous reports, Oi has no plans to divest its mobile business at this stage.