Petróleo Brasileiro S.A. – Petrobras, following up on the release disclosed on 10/21/2022, informs the beginning of the binding phase regarding the sale of its onshore fiber optic network.
Potential buyers qualified for this phase will receive a process letter with instructions on the divestment process, including guidelines for conducting due diligence and for submitting binding proposals.
The main subsequent stages of the project will be informed to the market in due course.
This disclosure is in accordance with Petrobras’ internal rules and with the special regime for divestment of assets by federal mixed economy companies, provided for in Decree 9,188/2017.
This operation is in line with the company’s strategy of portfolio optimization and capital allocation improvement, aiming at value maximization and greater return to society.
About the asset
The asset consists of the onshore fiber optic network that is approximately 8,000 km long, covering all regions of the country, connecting several state capitals and metropolitan regions. The fiber optic network is composed of buried cables, most of which have a capacity of 36 optical fibers each, packed in high-density polyethylene HDPE tubes (bi tube) for higher protection and maintenance versatility.