Highline snaps up Oi's tower unit in second Brazilian buy

摘要

Brazil's Oi has closed the sale of its tower unit to Highline after signing an initial agreement in November last year. On March 30, Highline (Highline do Brasil Ⅱ Infraestrutura de Telecomunicacoes) paid RL861.758 million (US$149.262 million) in cash for all shares issued by the Tower Special Purpose Entity (SPE). It was the sole bidder for the unit. An outstanding fee of BRL1.077 billion remains, which Highline will pay "after ascertainment procedures and certain adjustments that are common in transactions of this nature." Highline recently acquired Phoenix Tower do Brasil, making its deal with for Oi's towers its second major infrastructure agreement in Brazil. The Phoenix deal saw Highline take over 2500 sites from Blackstone Tactical Opportunities.