goodbye soon to Brasil Telecom

Brasil Telecom could soon be taken over by a group of Brazilian funds for about 550 million dollars.
the agreement is expected on the day and provides for the sale of Telecom Italia of Brasil Telecom and it becomes necessary after the Brazilian Authority for Telecommunications, Anatel, has serious potential penalties for licensees contemporary furniture part of Brasil Telecom and TIM Brasil, both part of Telecom Italia.
In the past this had been the contemporary subject of dispute. The transaction will be formally managed by Credit Suisse, which last October 27, Telecom Italia International has transferred 38% of Solpart (which controls 51% of Brasil Telecom) to 410 million dollars, giving, and to JP Morgan, the mandate to sell the share. The group of funds wishing to Brasil Telecom présentée is already in the capital of the company, it would be ready to take over the share of Italian at a price of around 550 million dollars. The value will then obviously del'operazione shot in Telecom Italia. With this money to neighboring Brazilian government of Lula, including the bottom board of the Central Bank of Petrobas, would strengthen the grip on Brasil Telecom, looking out to the shareholder of reference, the private equity fund CVC (Citigroup), which should not participate in the allocation of shares Telecom Italia. Intezione The Brazilian government is to make riunire two of the three operators, among which is distributed the net fix the country, and CIOA ¨ Brasil Telecom operates in the South and North Telemar in Brazil. obviously to do this is first necessary to change the law prohibiting the merger of former monopolists ² each and will not, however, before the corporate reorganization of Brasil Telecom.

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