Tag: Oi bankruptcy. restructure

Oi wants to raise $2.4 billion to speed up emergence from bankruptcy

Oi wants to raise $2.4 billion to speed up emergence from bankruptcy

Written by on June 12, 2017 in News with 0 Comments

SAO PAULO (Reuters) – Oi SA is working on a proposal to raise 8 billion reais ($2.4 billion) in fresh capital from shareholders and investors as a way to accelerate the Brazilian wireless carrier’s emergence from bankruptcy, Chief Executive Officer Marco Schroeder told Reuters on Friday. Under terms of the plan, which are under analysis […]

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