Billionaire steelmaking clan faces key test in quest to cut debt
Image courtesy of CSN
Benjamin Steinbruch built a reputation by seizing rare opportunities to buy corporate giants sold by the Brazilian government. The strategy created a multibillion-dollar steelmaker and briefly put him in charge of the world’s second-biggest iron ore miner.
Now, his dealmaking skills are again being put to the test.
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Only this time, Steinbruch is the one selling. He’s trying to convince investors to fork over as much as $1.5 billion for a piece of CSN Mineracao, the mining unit of one his companies looking to price an initial public offering on Friday.
Vero Internet picks Sparkle for international connectivity Sign in with LinkedIn
10 February 2021 | Natalie Bannerman Sparkle has been selected by Vero Internet, emerging internet service provider in Brazil, to provide high-speed international connectivity.
Vero Internet has approximately 350,000 subscribers and market presence in 96 cities across Brazil. in the states of Rio Grande do Sul, Santa Catarina, Paraná and Minas Gerais. By 2023 Vero Internet plans to serve 200 municipalities by investing over R$750 million ($138 million) in network expansion, acquisitions and digital transformation.
By connecting to Seabone, Sparkle’s global IP Transit backbone Vero Internet gains low latency and high-speed access to the global Internet.
Sparkle to Provide High-Speed International Connectivity to Vero Internet totaltele.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from totaltele.com Daily Mail and Mail on Sunday newspapers.