Sunday, 23 July 2017

Oi shareholder ups stake, calls for board overhaul

By Nick Wood, Total Telecom
Wednesday 13 July 16

Investor says Brazilian telco's board not equipped to face current challenges.

No fewer than three investors have acquired or increased their minority holdings in troubled Brazilian telco Oi in recent days, and one of them has called for several board members to be replaced. Fund manager Bridge Administradora de Recursos, which represents a group of investors led by Brazilian businessman Nelson Tanure, last week revealed it has increased its stake in Oi &ndash…

No fewer than three investors have acquired or increased their minority holdings in troubled Brazilian telco Oi in recent days, and one of them has called for several board members to be replaced. Fund manager Bridge Administradora de Recursos, which represents a group of investors led by Brazilian businessman Nelson Tanure, last week revealed it has increased its stake in Oi &ndash…

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