Brazilian telecom to present reorganization plan by September
Tag: Oi
Posted inDaily Brief
Oi declines to discuss equity stake
Portugal Telecom does not want to dilute its share in the Brazilian telecom as part of a restructuring plan
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Oi downgraded after bankruptcy filing
Three rating agencies cut the Brazilian telecom after it filed for bankruptcy protection
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Oi files for bankruptcy
Brazilian telecom seeks protection after failing to reach a debt restructuring agreement with creditors
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Bondholders seek 95% of Oi
Brazilian telecom has not agreed to the proposal and says it cannot guarantee that future talks will lead to a settlement
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Oi swaps fines for investments
Brazilian telecom agrees to invest $896m in four years, rather than pay $336m in fines
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Oi begins restructuring talks
Brazilian telecom opens negotiations with bondholders that are being advised by Moelis
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Fitch downgrades Oi
Rating agency says Brazilian telecommunications firm faces liquidity problems and limited access to capital markets
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Oi hires financial advisor
Brazilian telecom hires US firm PJT Partners in wake of pulled deal with Russian investor LetterOne
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Moody’s downgrades Oi
Rating agency says Brazilian telecom has an “untenable” capital structure