Oi may pay off debt with divestment proceeds - report

Thursday 19 January 2017 | 16:49 CET | News
After receiving an alternative offer for Oi's December judicial recovery plan, made by Egyptian businessman Naguib Sawiris, Oi president Marco Schroeder is in intensive talks with creditors and investors this month, reports O Estado de Sao Paulo. The intention is to introduce changes to the original plan, presented in September by the operator, by the end of March. One of the changes is related to the resources the operator must raise with the sale of non-strategic assets, such as those in Africa, sources familiar with the matter said. In the new proposal, part of the money will be used to

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Categories: General
Companies: Oi
Countries: Brazil
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