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  • Three telcos among biggest BNDES borrowers

    Telecom groups Oi, TIM and Telefônica Brasil are among the 10 largest clients of Brazilian development bank BNDES, with a combined 36.5bn reais (US$9.78bn) in loans taken out between 2004 and 2018. The bank released a ranking with...

  • Brazil's XP could obtain loan from IFC

    Brazilian financial services company XP Investimentos is negotiating a loan worth US$85mn from the International Finance Corporation. The company plans to use the proceeds to finance its expansion plans, according to the local O...

  • Oi confirms hiring bank for asset sales

    Brazilian telco Oi confirmed it has hired Bank of America Merrill Lynch for the sale of non-core infrastructure assets such as cellphone towers and datacenters. In a disclosure on Monday, Oi said the bank will also assist in...

  • BNDES doubles budget for IoT financing

    Brazil's federal development bank BNDES has doubled to 30mn reais (US$8.06mn) its budget to finance 15 pilot projects to test IoT solutions in the cities, health and rural verticals. Initially, the bank had said the budget would be ...