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Oi (OIBR3 OIBR4) says TIM (TIMS3), Vivo (VIVT3) and Claro want to pay R$ 3.2 billion less for mobile belongings; shares fell 9.50%

Oi (OIBR3;OIBR4) reported that, this Monday (19), it has obtained a doc collectively signed by Tim (TIMS3), Vivo (VIVT3) and Claro – the purchasers of its mobile belongings -, requesting that lower R $ 3.2 billion within the whole worth of the acquisition.

It is claimed that the rivals are claiming variations within the technical specs of the products offered.

Oi frequent shares had been down 9.43% at 10:45 am, buying and selling at R$0.48. Preferred shares fell 3.88%, at R $ 0.99.

However, Oi should return BRL 1.74 billion, whereas Tim, Vivo and Claro have withheld a part of BRL 15.9 billion from the earlier sale.

Tim says it ought to earn BRL 769 million, Vivo BRL 587 million and Claro BRL 383 million. Of the cash saved, Tim has R$634.3 million, Vivo, R$488.4 million, and Claro, R$324.6 million.

Oi, within the doc, stated that he didn’t settle for the accusations of the patron group and insisted that he’ll take all obligatory measures associated to the announcement – he has 30 working days to clarify the explanations for his objection.

“Oi is conscious that the calculation of the post-closing adjustment worth proven by the consumers might lead to technical and technical errors, in addition to errors in strategies, standards, assumptions and method adopted by the group and its financial advisor KPMG”, the doc says. by telephone.

“Furthermore, the shopper notification didn’t adjust to the phrases and situations of the transaction paperwork, didn’t disclose the paperwork and data required for the post-closing modification notification, and wanted within the literature”, he added.

Oi additionally claims that the client’s group additionally despatched a value discover, asking for R$353.2 million, due to the analysis of the mobile telephone strains – which continues to be not accepted.

Remember to purchase Oi Móvel

Vivo, Claro and Tim acquired rights to Oi’s telecoms belongings in late 2020, in a financial institution run amid the corporate’s restoration course of.

At the shut of negotiations, SPE (particular goal firm) Cozani was transferred to TIM, with a give attention to the city areas of São Paulo, Rio de Janeiro and Campinas. Jonava lived within the states of Espírito Santo and Minas Gerais and Claro. Vivo lived in Garliava, in addition to Paraná, Pernambuco and Ceará.

The court docket selected the undertaking amid Oi’s restoration efforts in 2016. In addition to promoting its telecom belongings, tele additionally had to divest from the cell tower enterprise.

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