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Post-acquisition, Piemonte Holding wants to double capacity at Grupo Globo s Tier III data center
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Piemonte Holding announces agreement to purchase Globo s data center in Rio de Janeiro
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Piemonte Holding announces agreement to purchase Globo s data center in Rio de Janeiro
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Oi targets debt lifebelt with $65M data centre deal - Mobile World Live 16 MAR 2021
Brazilian operator Oi continued to shed assets as part of a reorganisation designed to steer it out of troubled financial waters, closing a data centre deal with financial group Piemonte Holding worth BRL367 million ($65.3 million).
In a statement, Brazil-based Piemonte Holding said it acquired five data centres from Oi. The group paid BRL250 million in cash, with the remainder set to be paid in instalments.
It is the first of several sales Oi plans in the coming years.
Oi’s data centres join Piemonte Holding’s Titan Elea Digital unit, taking its share of Brazil’s colocation market to around 10 per cent.
Oi Group begins selling its assets, closing the data centers deal with Piemonte Holding USA - English
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SÃO PAULO, March 15, 2021 /PRNewswire/ The financial group Piemonte Holding, from Rio de Janeiro, closed last Friday (12) the acquisition of five data centers from Oi for a total amount of R$ 367 million (approx. USD 70 million). The transaction is in accordance with the amendment to the judicial reorganization plan of the telecom company, one of the largest in Latin America, and marks the first in a series of sales that Oi plans to carry out in the coming years.