SBA Communications Aktie
WKN: 923376 / ISIN: US78388J1060
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27.06.2014 22:24:00
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Oi S.A. -- Moody's says Oi's tower sale is credit positive, but does not impact its Baa3 rating or negative outlook
New York, June 27, 2014 -- Moody's Investors Service said Oi S.A.'s announcement that it has reached an agreement with the Brazilian subsidiary of SBA Communications Corp. to sell 1,641 tower sites in Brazil for BRL1.2 billion is credit positive as it will help the company continue to reduce debt. Assuming Oi uses 100% of the sale proceeds for debt repayment, the net reduction in adjusted debt will be approximately BRL800 million after Moody's standard operating lease adjustment.
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