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Court orders mediation between Oi and Anatel

Monday 3 October 2016 | 10:21 CET | News
The 7th Corporate Court of Rio de Janeiro has ordered a mediation procedure between Brazilian operator Oi and the National Telecommunications Agency (Anatel) on the administrative fines imposed on the company, which is in bankruptcy protection. Oi owes more than BRL 11 billion to the regulator, which represents about 17 percent of its total liabilities of BRL 65 billion. Judge Fernando Viana thus accepted the request of Oi's lawyers to initiate the procedure, reports Jornal do Comercio. The intention is to convert the fines into obligations, which may include investments in infrastructure.

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Categories:
Companies: Anatel / Oi
Countries: Brazil
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