Highline wins Brazilian telecom Oi tower auction with $330 million bid

IHS Holding

22/08/2022 23:43

RIO DE JANEIRO, Aug 22 (Reuters) - Cellular infrastructure
company Highline on Monday successfully offered 1.7 billion
reais ($329.64 million) to buy 8,000 fixed line towers from
Brazilian telecom firm Oi SA  OIBR4.SA , placing the sole bid in
the auction for the assets, a document showed.
    Highline, a unit of DigitalBridge Group Inc  DBRG.N , will
pay 1.08 billion reais at the closing of the deal and up to 609
million reais by 2026, depending on the use of the fixed-line
infrastructure.
    American Tower Corp  AMT.N  and IHS Holding  IHS.N  were
reportedly interested in the assets, but did not submit bids.
 urn:newsml:reuters.com:*:nL1N2ZV0OT
    Earlier this month, Oi had already said that it received an
offer from Highline for the assets.  urn:newsml:reuters.com:*:nL1N2ZV0OT
($1 = 5.1571 reais)

 (Reporting by Rodrigo Viga Gaier in Rio de Janeiro
Editing by Matthew Lewis)
 ((Peter.Siqueira@thomsonreuters.com; +55 11 56447727;))