Operators Telefônica Brasil (VIVT3), Claro and TIM (TIMS3) revealed, in a document sent to the Securities and Exchange Commission (CVM) on Monday night (14) some details about the acquisition of mobile phone business Hello (OIBR3; OIBR4), for R $ 16.5 billion. The property was bought at 3pm yesterday, in an auction organized by TJ-RJ and there was no competition.
It will be Heart the biggest disbursement of auction of Oi, of the 44% value of the Base Price and Relay Services, totaling approximately R $ 7.3 billion.
Financially for this acquisition, Tim, considering its low indebtedness and current market conditions, believes it can be financed through local debt and its cash creation, ”the company said. The Group will reach approximately 14.5 million customers (40% of UPI Ativos Móveis’ total facilities).
I and Phone will be responsible for 33% of the Base Price and Relay Services, which equates to approximately R $ 5.5 billion and will have approximately 10.5 million customers (equivalent to about 29% of UPI Ativos Móveis total base ).
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A Ventilation will be responsible for payment of R $ 3.7 billion (approximately 22% of the purchase price). The group will also have 32% of the total number of UPI Ativos Móveis customers, according to the visitor’s basis Anatel April 2020.
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In a related fact, Claro explained that, as provided in the contract, the assets that make up UPI Ativos Móveis would be segregated into three special purpose (SPE) companies, so each buyer had to get, when finishedreclaim, all act of a single SPE contains the specific set of properties it may have, according to the splitting plan agreed upon between the buyers.
“SPE to be acquired by Claro will have assets that are part of the customer base and certain infrastructure assets of Oi Group“The company said.
Under the terms of the contract, the buyer also enters into a long-term contract with Oi Group on the end of the transaction to provide the ability to transmit data to the buyer, either by receipt or payment, which VPL (net present value) corresponds to approximately R $ 819 million, considering all general buyers.
All indicated that the conclusion of the deal will depend on the analysis of the Defense Economic Administrative Council (Cade) and the National Telecommunications Authority (Anatel).
After the auction, Hello (OIBR3) ended the session with a decline of 6.78%, trading at R $ 2.20. Heart rose 0.48 percent slightly, trading at R $ 14.61, and Telefônica, Vivo’s owner, was down 2.47 percent at 45.89. In turn, Ibovespa fell 0.45%, down 114,611.12 points.
With information from Estadão Content.