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General

Oi bondholders extend collaboration with Sawiris

Friday 11 November 2016 | 16:10 CET | News
The Steering Committee of the ad hoc group of Oi bondholders extended its mutual collaboration arrangements with Egyptian telecommunications entrepreneur Naguib Sawiris and his Sawiris Group through a new agreement. Over the last month, the Sawiris group and the Steering Committee have made significant progress toward developing an alternative restructuring plan and post-judicial recovery operating plan for Oi and its subsidiaries, they said in a statement. Both partners expect that the alternative plan will be ready in the next 30 days. The Steering Committee does not support Oi's plan filed

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Categories: General
Companies: Oi
Countries: Brazil
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