Algar weighs infra bonds for Vogel acquisition
Algar weighs infra bonds for Vogel acquisition
Brazilian telco could issue tax-exempt debentures in the local market to fund the $115 mln purchase of the São Paulo-based B2B peer, CFO says
DebentureDebtM&ATelecomsCapital MarketsBrazil
Brazilian telecommunications company Algar Telecom could issue tax-exempt infrastructure debentures to finance the acquisition of business-to-business telco Vogel Telecom, CFO Túlio Abi-Saber told LatinFinance on Monday.
"This issue is a possibility that may be used. It has been seen as part of an expansion and modernization project of data communication network to provide internet and voice access," he said.