“BrOI”: BrT e Oi/Telemar formalizam reestruturações societárias: “BrT and Oi/Telemar formalize restructuring plans.”
Convergência Digital is the first to note the first public signs of progress toward the Brasil Telecom-Oi merger: A series of Material Events published with the securities regulator minutes before midnight on a pre-holiday Friday.
O feriado de Tiradentes foi bastante movimentado para o batalhão de advogados da Brasil Telecom e da Oi/Telemar que trabalham para viabilizar a fusão das duas concessionárias, pelo menos do ponto de vista de mercado, uma vez que no setor, a fusão só poderá acontecer com a mudança do atual Plano Geral de Outorgas – já em revisão oficial pela Anatel.
The Tiradentes holiday was pretty busy for the battalions of lawyers fielded by Brasil Telecom and Oi/Telemar, working to make the merger of the two concessionaires possible — possible, at least, from the point of view of the market, given that the merger ultimately depends on an amendment to the current General Concession Plan (PGO) — currently under official review by Anatel.
Anatel assigned the case to the board member who will study and make recommendations late last week — contradicting reports that a conclusion would be forthcoming by week’s end. This story, journalistically speaking, is lousy with anonymously-sourced bright certainties that end in failed prognostications.
No sábado dia 19/04, parte da reestruturação societária das duas operadoras – envolvidas com brigas e desavenças de acionistas – foi oficializada. Nos informes, reproduzidos abaixo pelo Convergência Digital, as duas operadoras assumem que o acerto entre os acionistas foi determinado para “simplificar e aumentar a transparência e a otimização da estrutura organizacional atual”.
On Saturday, April 19, part of the corporate restructuring plan for the two operators — who are involved in disputes and fallings-out among their shareholders — was formalized.
The reference date on the documents is Friday, April 18, which is presumably when the accords were formalized. April 19 is the disclosure date.
In the disclosure statements, reproduced below, the two operators report that the shareholder agreement was undertaken in order to “simplify, optimize and render more transparency the current corporate structure.”