Telefônica Data’s $78.7 Million Acquisition of Terra Networks Brasil


Machado, Meyer, Sendacz e Opice advised on the deal

Telefônica Data S.A., operating as a subsidiary of Telefônica Brasil S.A., finalized the acquisition of 100% Stake in Terra Networks Brasil S.A. from SP Telecomunicações Participações Ltda. for $78.7 Million.

Telefonica Brasil S.A. is a telecommunications company which provides services for fixed and mobile telephony, data transmission and VAS and pay TV. The company, led by Eduardo Navarro De Carvalho is based in Brazil.

Terra Networks Brasil S.A., together with its subsidiaries, mainly engages in the provision of Internet access, e-mail, security, and music services.

Machado, Meyer, Sendacz e Opice advised Telefônica Brasil S.A. with Adriana Pallis (Picture), Fernando Tonanni, Lucas Zamproni, Bruno Gomes and Paula Soncini.

Involved fees earner: Adriana Pallis – Machado, Meyer, Sendacz e Opice; Lucas Zamproni Martins Ferreira – Machado, Meyer, Sendacz e Opice; Paula Soncini – Machado, Meyer, Sendacz e Opice; Fernando Tonanni – Machado, Meyer, Sendacz e Opice; Bruno Gomes – Machado, Meyer, Sendacz e Opice;

Law Firms: Machado, Meyer, Sendacz e Opice;

Clients: Telefônica Brasil S.A.;