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General

Oi presents proposal for settling smaller debts

Wednesday 30 November 2016 | 17:10 CET | News
Brazilian operator Oi has presented to the court handling its suspension of payments procedure a proposal to settle debts of up to 50,000. The proposal encompasses approximately 58,000 creditors with the small debt claims and could see Oi pay out in total up to BRL 783 million by Oi. The company is hoping to settle with the smaller creditors first, in order to make it easier to renegotiate its larger debts. Oi also announced that it's in contact with its main creditors on possible amendments to the proposed terms of the judicial reorganization plan submitted in September.

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Categories: General
Companies: Oi / Portugal Telecom
Countries: Brazil
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