Brazil's Oi to sell assets to repay debt, bolster profit
date:Feb 20, 2014
ck in July, added nearly 1.5 billion reais to Oi's results, helping it to avoid a second quarterly loss in 2013.

Oi is looking to sell another block of cell towers this year, Bava said, without providing details on potential terms or bidders.

The group's net debt climbed 4 percent in three months and 21 percent from a year earlier to 30.416 billion reais at the end of December. Capital spending in 2013 slipped 5 percent from a year earlier to 6.250 billion reais.

The difficulty of keeping up
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