Oi gets new major shareholder

Friday 17 June 2016 | 09:37 CET | News
Brazilian operator Oi has announced that Bridge Administradora De Recursos, through the investment fund under its management, has become the holder of 31,704,328 common shares and 17,190,300 preferred shares of the company. These shares are equivalent to 4.75 percent of Oi's voting capital and 10.90 percent of the preferred shares, totaling 5.92 percent of the share capital. Bridge said that it does not intend to alter the controlling structure of Oi, but rather it aims to influence the company's administrative structure.

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.


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.


Oi Total reaches 320,000 customers

Published 01 Jul 2016 15:07 CET | Brazil
Brazilian operator Oi has reached the threshold of 320,000 subscribers for its convergent offer Oi Total, reports O Girassol. The ...

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 ...

Oi agrees debt standstill with BNDES

Published 20 Jun 2016 16:27 CET | Brazil
Brazilian telecom operator Oi and BNDES signed an agreement for suspension of debt payments for 180 days, reports O Globo. The ...

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 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 ...

Bayard Gontijo resigns as Oi CEO

Published 11 Jun 2016 16:54 CET | Brazil
Brazilian operator Oi has announced that Bayard De Paoli Gontijo has delivered his resignation as CEO of the company. Gontijo has ...

Oi says no deal yet with creditors

Published 25 May 2016 17:19 CET | Brazil
Brazilian operator Oi has issued a statement to the stock market, clarifying that, to date, it has not formalized or defined any ...

Oi starts negotiations with creditors

Published 17 May 2016 11:30 CET | Brazil
Brazilian operator Oi announced that its board of directors approved the start of negotiations with creditors on restructuring ...