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Oi planning tower, real estate sale to cut net debt - CEO

2015-06-04 09:43:00| Telecompaper Headlines

(Telecompaper) Brazilian operator Oi is planning to divest its mobile tower and real estate portfolio across the country to further cut its debt after closing the sale of Portugal Telecom to French telecom holding company Altice. In an interview with the Financial Times, the company's CEO Bayard Gontijo said Oi would need to take further steps including asset sales to restore its balance sheet even after raising EUR 7.4 billion from the Portugal Telecom sale. He said the group was in talks with the Brazilian government to obtain approval to sell real estate as well as 1,000 mobile towers in the country. "We have to do other things to deal with the leverage and avoid anything drastic," he said, adding that "we are selling our call-centre company. We own 7,000 properties but we are not a real estate company. We are working on getting the approval [to sell]".

Tags: net real estate sale

 

How Much Debt is Too Much for Chinese Developer?

2015-06-03 18:05:05| ENR.com: Headline News

With the Chinese economy slowing, Greenland Group is building some of the biggest projects in the U.S.

Tags: much chinese debt developer

 
 

Urgent Greek debt crisis talks held

2015-06-02 08:05:54| BBC News | Business | UK Edition

The heads of both the International Monetary Fund and European Central Bank have attended talks in Berlin in an attempt to reach a deal with Athens.

Tags: held debt crisis greek

 

Crescent Point to acquire Legacy Oil + Gas for $1.53 billion, including debt

2015-05-27 03:24:51| Real Estate - Topix.net

Crescent Point Energy Corp. is shelling out $1.53 billion to acquire struggling Legacy Oil + Gas Inc. as it looks to grow its presence in Saskatchewan's shale oil fields. The Calgary-based company will pay for the deal with its own shares as well as take on $967 million in Legacy's debt.

Tags: including point gas oil

 

Gulf Capital offers debt financing for Carbon Holdings three petrochemical projects in Egypt

2015-05-27 01:00:00| Hydrocarbons Technology

Gulf Capital has agreed to provide debt financing to Egyptian petrochemical company Carbon Holdings to support its three major petrochemical projects at Ain Sokna on the Suez Canal.

Tags: offers capital projects debt

 

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