0
General

Oi agrees debt standstill with BNDES

Monday 20 June 2016 | 16:27 CET | News
Brazilian telecom operator Oi and BNDES signed an agreement for suspension of debt payments for 180 days, reports O Globo. The measure is one of the many actions the company is taking to find a way out with creditors and avoid the risk of bankruptcy. Oi is about BRL 50 billion in debt, of which BRL 9.9 billion with development banks, such as BNDES, and export promotion agencies, according to data for March. BNDES confirmed the signing of the agreement, but provided no details, while Oi did not comment. Negotiations with banks, including Caixa, Itau, Bradesco and Banco do Brasil, are conducted

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: General
Companies: Oi
Countries: Brazil
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

BNDES reduces telecom investments by 65% in H1

Published 29 Jul 2016 11:13 CET | Brazil
Brazil's main development bank, the BNDES, has reduced investments in the period January to June 2016, with the biggest drop ...

Brazilian govt will not provide financial help to Oi

Published 29 Jun 2016 14:42 CET | Brazil
Brazil's Minister of Science, Technology, Innovation and Communications, Gilberto Kassab, stressed that there will be no public ...

Brazilian federal government to guarantee Oi services

Published 28 Jun 2016 10:21 CET | Brazil
Brazil's Chief of Staff Minister, Eliseu Padilha, said that it is the government's mission to "ensure the maintenance of quality ...

Oi files for protection from creditors

Published 21 Jun 2016 09:19 CET | Brazil
Brazilian operator Oi has filed a request for judicial reorganization at the Court of the State of Rio de Janeiro, in an attempt ...

Fitch cuts Oi's credit rating to C

Published 20 Jun 2016 10:08 CET | Brazil
Fitch has reviewed the credit rating attributed to Brazilian telecommunications operator Oi. The ratings agency has downgraded ...

Oi expects positive cash flow from Q3

Published 20 Jun 2016 10:04 CET | Brazil
Brazilian telecommunications operator Oi has released its projected results for each quarter of 2016 and its business plan ...

Oi confirms debt renegotiation

Published 19 Jun 2016 09:03 CET | Brazil
Brazilian operator Oi has announced that it has been involved in negotiations with members of an ad hoc group made up of holders ...

Oi ends arbitration over Africatel, swaps MTC stake

Published 17 Jun 2016 11:12 CET | Africa
Brazilian operator Oi announced a settlement with the other shareholders of Africatel, the holding company for its African ...

Oi gets new major shareholder

Published 17 Jun 2016 09:37 CET | Brazil
Brazilian operator Oi has announced that Bridge Administradora De Recursos, through the investment fund under its management, has ...

Oi denies interest by Sawiris

Published 16 Jun 2016 16:20 CET | Brazil
Brazilian telecommunications operator Oi has denied a report published in daily O Estado de Sao Paulo, regarding interest by ...





Calendar   /   Industry Events

25 Jan Ericsson Q4 2021
25 Jan Verizon Q4 2021
25 Jan Microsoft fiscal Q2
25 Jan F5 fiscal Q1
25 Jan Uniti Group Q4
25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Crown Castle Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan MTN Nigeria Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Elisa Q4 2021
27 Jan Comcast Q4 2021
27 Jan Samsung Electronics Q4 2021
27 Jan Apple fiscal Q1
27 Jan FCC meeting
28 Jan SK Hynix Q4
28 Jan Telia Lithuania Q4 2021
28 Jan Telia Company Q4 2021
28 Jan Charter Communications Q4
::: More Calendar Items