Telecom Americas and Bell Canada International (BCI) unveiled pla...
Telecom Americas and Bell Canada International (BCI) unveiled plans to buy additional 65% stake in 2 Brazilian wireless carriers for $580 million. Telecom Americas and BCI are buying shares in Telet and Americel from Telesystem International Wireless (TIW) and…
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group of Brazilian pension and investment funds. Transaction will give Telecom Americas and BCI combined 81% of both companies, with Brazilian development bank BNDESPAR holding rest. TIW sold its minority stakes in 2 carriers to BCI and Telecom Americas for $153 million. Before deal, TIW had 16.3% interest in companies. Americel has nearly 400,000 subscribers in central and western parts of Brazil. Telet operates in southernmost state of Brazil, Rio Grande do Sul, and has 524,000 subscribers. Telecom Americas is owned by BCI, Mexico’s America Movil, SBC.