Brazil telecom towers auction expected to draw U.S. bids - report

IHS Holding

19/08/2022 14:25

SAO PAULO, Aug 19 (Reuters) - American Tower Corp  AMT.N 
and IHS Holding  IHS.N  may bid for 8,000 towers put on sale by
Brazilian telecoms firm Oi SA  OIBR4.SA  in an auction in which
infrastructure group Highline already has a binding proposal,
Brazilian media reported on Friday.
    Brazilian specialized website Tele Sintese and newspaper O
Estado de S. Paulo reported the new companies interested, citing
people with knowledge of the matter. 
    Proposals should be delivered by Monday afternoon at the
bankruptcy court in Rio de Janeiro, with a minimum price of
1.697 billion reais ($326 million), equivalent to Highline's
binding proposal. 
    Oi and American Tower did not immediately respond to
Reuters' requests for comment. IHS declined to comment.
    ($1 = 5.2055 reais)

 (Reporting by Tatiana Bautzer; Editing by Jan Harvey)
 ((tatiana.bautzer@tr.com; Tel: +55-11-5644-7756; Mob:
+55-119-4210-4173; Reuters Messaging:
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