Divestment Plan

Petrobras puts its onshore fiber optic network up for sale

T&B Petroleum/Petrobras Agency
30/12/2022 15:15
Petrobras puts its onshore fiber optic network up for sale Imagem: Divulgation Visualizações: 2993 (0) (0) (0) (0)

Potential buyers classified for this phase will receive an invitation letter with instructions on the divestment process, including guidelines for carrying out due diligence and for submitting binding proposals.

The main subsequent stages of the project will be communicated to the market in due course. This disclosure is in accordance with Petrobras' internal rules and with the special regime for the divestment of assets by federal mixed-capital companies, provided for in Decree 9,188/2017.

This operation is in line with the portfolio optimization strategy and the improvement of the company's capital allocation, aiming at maximizing value and greater return to society.

About the asset

The asset consists of the onshore fiber optic network that has an extension of approximately 8,000 km, covering all regions of the country, connecting several capitals and metropolitan regions. The fiber optic network is made up of buried cables that have, for the most part, a capacity of 36 optical fibers each, packaged in HDPE high-density polyethylene tubes (bi-tube) for greater protection and maintenance versatility.

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