Friday, 17 November 2017

Oi files for bankruptcy protection

By Mary Lennighan, Total Telecom
Tuesday 21 June 16

Brazilian operator fails to renegotiate with creditors, aims to continue offering services to customers.

Oi late on Monday filed for bankruptcy protection after discussions with creditors over its weighty debt burden came to nothing. The Brazilian telecoms operator announced that it viewed the decision to file for judicial reorganisation, as the process is known in the country, as the most appropriate course of action to protect group companies…

Oi late on Monday filed for bankruptcy protection after discussions with creditors over its weighty debt burden came to nothing. The Brazilian telecoms operator announced that it viewed the decision to file for judicial reorganisation, as the process is known in the country, as the most appropriate course of action to protect group companies…

Please login or register to view this content

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry