Sunday, 24 June 2018

Bava quits as Oi, Portugal Telecom merger falters

By Mary Lennighan, Total Telecom
Wednesday 08 October 14

Resignation lends credence to reports that merger agreement will be unwound; Oi CFO Bayard Gontijo steps up as interim CEO.

Zeinal Bava has stepped down as chief executive of Brazilian telecoms operator Oi after its ongoing merger with Portugal Telecom was thrown into doubt. Oi announced Bava's resignation in a statement to the stock market late on Tuesday. It explained that Oi's chief financial officer Bayard De Paoli Gontijo will serve as interim CEO until a replacement is found…

Zeinal Bava has stepped down as chief executive of Brazilian telecoms operator Oi after its ongoing merger with Portugal Telecom was thrown into doubt. Oi announced Bava's resignation in a statement to the stock market late on Tuesday. It explained that Oi's chief financial officer Bayard De Paoli Gontijo will serve as interim CEO until a replacement is found…

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