EDP-Brasil Sells Cable TV Assets

EDP-Energias do Brasil, the Brazilian subsidiary of Energias do Portugal has agreed to sell the 48.51% it owns of Brazilian cable and internet company Esc 90 to Net Servicios de Telecomunicacoes for BRL94.6m. The sale is part of EDP’s strategy to divest assets not related to its main business line, the company says. The transaction awaits approval from the Brazilian regulator.