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Oi Group begins selling its assets, closes data centers deal with Piemonte Holding
Transactions - MARCH 17, 2021

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Oi Group begins selling its assets, closes data centers deal with Piemonte Holding

by Released

The financial group Piemonte Holding, from Rio de Janeiro, has closed the acquisition of five data centers from Oi for a total of R$367 million ($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.

“Piemonte is a young organization that believes in the digital transformation of the economy,” said Alessandro Lombardi, CEO of Piemonte. “The pandemic has accelerated a process that was already under way and the reorganization of Oi, which is henceforth a fait accompli, is an injection of optimism for Brazil. The total assets and the planned investments in the telecom company exceeds R$40 billion. I believe that, with an appropriate digital infrastructure, th

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