0
General

Oi says no deal yet with creditors

Wednesday 25 May 2016 | 17:19 CET | News
Brazilian operator Oi has issued a statement to the stock market, clarifying that, to date, it has not formalized or defined any proposal with its creditors to restructure the company's debt. Oi emphasized that it maintains its operational efficiency and its focus on providing services. The statement came after a report in daily O Globo regarding the proposals for restructuring Oi's debt.

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

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 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 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 ...

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 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 ...

Oi negotiates debt swap for shares - report

Published 16 Mar 2016 12:26 CET | Brazil
After suffering downgrades of its credit ratings, Brazilian operator Oi is planning to negotiate with its creditors on swapping ...