Desktop S.A. (BOVESPA:DESK3) agreed to acquire remining 30% stake in C-Lig Telecomunicacoes S.A. form minority shareholder for BRL 34 million on November 7, 2023. Desktop will pay BRL 12 million in cash upfront, with the remainder to be paid in four installments over the next three years. Desktop already owned 70 percent and with this purchase, it will become the sole shareholder of C-Lig.

The minority shareholder holds 11.567 million shares in C-Lig. The deal is expected to close by November 30, 2023.