Brookfield and CPPIB mull bid for Oi’s fiber business: Bloomberg

Brookfield Asset Management and Canada Pension Plan Investment Board are mulling a bid for InfraCo, the fiber unit of Brazilian telecom company Oi SA, reported Bloomberg.

Brookfield Asset Management and Canada Pension Plan Investment Board are mulling a bid for InfraCo, the fiber unit of Brazilian telecom company Oi SA, reported Bloomberg. Oi is planning to sell as much as 51 percent of the subsidiary’s shares and has scheduled an auction in the first half of next year. Banco BTG Pactual and Highline do Brasil II Infraestrutura de Telecomunicacoes, Digital Colony’s local unit, are also interested.

Source: Bloomberg