Thursday 6 October 2016 | 17:28 CET | News
Timorese businessman Abilio Araujo confirmed to Lusa that the Investel group he heads presented a "firm and binding" bid for the purchase of Oi's stake in Timor Telecom. "As CEO of Investel I believe in the success of our proposal, the amount offered, strongly supported by equity and bank guarantee," he added. The Investel group is one of three candidates to purchase Oi's stake in Timor Telecom, alongside the ETO Group, Timorese businessman Nilton Gusmao, and a Fiji-based pension fund, according to the latest reports.
http://www.telecompaper.com/news/investel-head-confirms-bid-for-timor-telecom-stake--1165943
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