Clear Channel Outdoor Holdings, Inc. (NYSE: CCO) announced on October 1, 2025 that it had completed the sale of its Brazilian operations to Publibanca Brasil S.A., an affiliate of Eletromidia S.A.
The transaction was valued at R$80 million, approximately US$15 million, and the company will use the net proceeds—after transaction‑related fees and expenses—to improve liquidity and increase financial flexibility in accordance with its debt agreements.
The sale marks CCO’s full exit from Latin America, further simplifying its portfolio and allowing the company to focus on its U.S. America and Airports segments while accelerating debt repayment and strengthening its balance sheet.
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