Oi SA (OIBR) Sees Windfall on Tower Rights Sales
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Oi SA (NYSE: OIBR) is up over 1.5 percent on Tuesday's session following comments from CFO Alex Zornig earlier.
Zornig said Brazil's Oi will get about R$1 billion ($500 million) in cash stemming from the sale of rights to use towers. Reuters noted today that cash would come in over the next few months.
Zornig said Brazil's Oi will get about R$1 billion ($500 million) in cash stemming from the sale of rights to use towers. Reuters noted today that cash would come in over the next few months.
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