Oi Hires Credit Suisse to Sell Call Centers Employing 19,000
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Oi SA, the most indebted telecommunications company in Brazil, hired Credit Suisse Group AG to sell its call centers, which employ 11 percent of the total workforce, said Chief Executive Officer Bayard Gontijo.
The sale would be the latest asset disposal as the Rio de Janeiro-based company attempts to decrease its leverage and rebuild its credibility. Oi, the smallest wireless and largest fixed-line carrier in Brazil, is positioning itself as a stronger candidate to participate in consolidation, be it buyer or seller, Gontijo said in an interview Monday at Bloomberg’s New York headquarters.