Tag: bankruptcy

Bankruptcy filing by Oi rattles global telecom supply chain

Bankruptcy filing by Oi rattles global telecom supply chain

Written by on June 24, 2016 in News with 0 Comments

SAO PAULO (Reuters) – Brazil’s biggest bankruptcy filing ever is sending shockwaves far beyond the recession-hit country’s borders as operator Oi SA seeks creditor protection from global telecoms suppliers and export banks around the world. Oi is seeking protection on over 500 million reais ($150 million) of accounts payable to international providers from Nokia Corp […]

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Brazilian carrier Oi files for bankruptcy, rivals swoop in

Brazilian carrier Oi files for bankruptcy, rivals swoop in

Written by on June 22, 2016 in News with 0 Comments

SAO PAULO (Reuters) – Brazilian phone carrier Oi SA faces long odds in trying to reorganize under the country’s complex bankruptcy law, offering rivals a chance to bolster their market dominance while leaving hopes for consolidation in the $45 billion industry on hold for now. Brazil’s largest ever bankruptcy filing at 65.4 billion reais ($19.4 […]

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