Ricardo Martins replaces Flavio Guimaraes at the Brazilian telecom
Tag: telecommunications
Posted inDaily Brief
Oi bondholders reject restructuring plan
Creditors say they have to forgive almost $7bn in debt, while the equity holders stand to gain from write-offs and asset sales
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Oi asks bondholders to take cuts
Brazilian telecom also offers to sell assets and raise new capital to get out of $20bn in debt
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Creditors suggest Oi debt relief
Bondholders could agree to a five-year grace period and haircut on existing debt but they will seek an equity stake from the Brazilian telecom
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America Movil cuts Telekom Austria share
Mexican telecom will reduce its share in the Austrian peer by 7.8% more than two years after taking a majority stake in the firm
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Megacable signs three-year revolver
Mexican telecom refinances existing debt after signing $106.5m deal with three banks
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Entel prices rights offering
Chilean telecom sells 98% of the new shares available in the equity offering, sources say
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Entel share offering expected to be well subscribed
Chilean telecom’s share price remains above CLP6,000, which bodes well for upcoming equity offering, sources say
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ETB targets banks ahead of sale
Colombian telecom seeks financial advisor to evaluate the company ahead of a proposed divestment
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Entel preps equity offering
Chilean telecom’s stock trades higher in the lead up to its rights offering, sources say