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General

Anatel grants approval for Oi's capital increase

Friday 15 June 2018 | 15:15 CET | News
The board of Brazil's National Telecommunications Agency (Anatel) has given approval for Oi's capital increase, which is part of the recovery plan for the operator, according to a decision published in the Official Gazette. The capital increase will be conducted by exchanging debt for shares. The regulator also ruled that Oi should inform of the subscribed and paid-in capital stock with the capital increase, and the shareholding composition after the restructuring of the bonds, highlighting the possible controlling shareholders.

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Categories: General
Companies: Anatel / Oi
Countries: Brazil
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