Highline affiliate NK 108 inks BRL1.7bn deal to acquire fixed infrastructure from Oi

3 Aug 2022

Oi has informed its shareholders that it has received a binding, irrevocable and irreversible offer from NK 108 Empreendimentos e Participacoes (NK 108), an affiliate of Highline do Brasil II Infraestrutura de Telecomunicacoes (Highline), to acquire 8,000 fixed telecoms infrastructure sites belonging to the telco.

The agreement will see NK 108 acquire 100% of the capital stock of a special purpose vehicle (SPE), comprising the aforementioned infrastructure. The deal is valued at BRL1.697 billion (USD324.9 million), of which BRL1.088 billion will be paid at closing, with the remainder paid up until 2026, depending on the level of infrastructure usage.

Going forward, the transaction is applicable regulatory approvals from the National Telecommunications Agency (Agencia Nacional de Telecomunicacoes, Anatel) and the Administrative Council for Economic Defence (Conselho Administrativo de Defesa Economica, CADE).

Brazil, Highline do Brasil, Oi