Ligga Telecom has initiated the sale of the company for R$ 495 million, with Brasil Tecpar as the potential buyer assuming R$ 1.2 billion in debts pending regulatory approval.
Ligga Telecom, a company formed after the privatization of Copel Telecom, has started the sale process, announcing a transaction valued at R$ 495 million. The potential buyer, Brasil Tecpar, has agreed to take on R$ 1.2 billion in outstanding debts, although this sale is still contingent on approvals from the Administrative Council for Economic Defense (Cade) and the National Telecommunications Agency (Anatel). The timeline for these approvals remains uncertain.
The announcement highlights Ligga Telecom's key assets, including broadband internet services provided via fiber optic connections to residences, businesses, and public entities. Additionally, the company is in discussions regarding the acquisition of certain debts linked to 'incentivized debentures,' which are debt securities that allow firms to raise capital for infrastructure projects. This aspect is significant as it reflects Ligga Telecom's strategy to leverage financing options strategically in the market.
The possible acquisition marks a pivotal moment for the telecommunications market in Brazil, especially as it follows the government's privatization initiatives that have reshaped the sector. The outcome will likely influence competition in broadband services, impacting both consumers and businesses, while also raising questions about regulatory oversight and the sustainability of the debt assumed by Brasil Tecpar in this transaction.
