Thursday, 13 December 2018

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…

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