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Alcatel-Lucent Message Board

joeantfig 48 posts  |  Last Activity: Jul 8, 2016 10:16 AM Member since: Jan 13, 2008
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  • Reuters
    Brazil's Oi says shareholder requested meeting to change board

    Oi SA, Brazil's largest fixed-line telephone carrier, on Friday said minority shareholder Société Mondiale Fundo de Investimentos em Ações requested a meeting to remove board members after the company filed for bankruptcy protection.

    Oi said Société Mondiale warned it could call a shareholder meeting if Oi did not take the initiative within eight days. Oi said it was analyzing the request. Société Mondiale owns a 6.64-percent stake of Oi, the company said in a filing.

  • Reply to

    No board for OIBRQ

    by netbum_98 Jul 2, 2016 12:32 AM
    joeantfig joeantfig Jul 7, 2016 5:23 PM Flag

    The same in Bovespa. OIBR3 at 2.53 reais. OIBR4, at 1.44 reais.

  • Reply to

    No board for OIBRQ

    by netbum_98 Jul 2, 2016 12:32 AM
    joeantfig joeantfig Jul 7, 2016 5:22 PM Flag

    I know, the dilution will come. But, after the dilution, the debt will decrease, and the total shareholder value will increase a lot, isn't that?

  • Reply to

    No board for OIBRQ

    by netbum_98 Jul 2, 2016 12:32 AM
    joeantfig joeantfig Jul 6, 2016 1:28 PM Flag

    Yeah, but global shareholder value is below 1 billion, which is nothing for a company with many million clients. I know that the company value will be less than competitors, but 1 billion is a small ammount.

  • Reply to

    No board for OIBRQ

    by netbum_98 Jul 2, 2016 12:32 AM
    joeantfig joeantfig Jul 5, 2016 2:06 PM Flag

    Yeah. Things are better than a month ago. BK under way.

  • Reply to

    Let's move to OIBR-C

    by joeantfig Jun 23, 2016 10:37 AM
    joeantfig joeantfig Jun 24, 2016 9:09 AM Flag

    Thanks. But, we need to maintain this message board, because the other doesn't exist.

  • joeantfig by joeantfig Jun 23, 2016 10:37 AM Flag

    Because OIBR is dead.

  • Reply to

    OIBR trading

    by gumchudha Jun 22, 2016 7:14 AM
    joeantfig joeantfig Jun 22, 2016 10:31 AM Flag

    This is a black box. This is a big scam. Just that. You can make money, but the reason for that it will be pure luck.

  • Reply to

    What is the new symbol?

    by oregall23 Jun 21, 2016 3:09 PM
    joeantfig joeantfig Jun 22, 2016 6:51 AM Flag

    Why a new symbol?

  • Reply to

    Oi files for RJ...

    by cavadax1 Jun 20, 2016 5:31 PM
    joeantfig joeantfig Jun 20, 2016 5:49 PM Flag

    It is dificult share price below 30 cents, which means a couple of hundred million dollars for a company. We will see who will lose more. Do not forget more than 10 billion dollars in debt.

  • Reply to

    Oi files for RJ...

    by cavadax1 Jun 20, 2016 5:31 PM
    joeantfig joeantfig Jun 20, 2016 5:37 PM Flag

    Done, as expected. I said a few minutes, for more two weeks. No. Done.

  • Reply to

    Suspension of payments to BNDES

    by joeantfig Jun 20, 2016 5:53 AM
    joeantfig joeantfig Jun 20, 2016 5:21 PM Flag

    New CEO is on portuguese side. Pharol value is nothing, because they have a maximum of 15% of vote. Nobody will buy 27% to vote only 15% (I don't know if the maximum is 10% or 15%). The agreement with BNDES is clearly an help from the brazilian government. Next one, it will be Banco do Brazil. Don't forget also that some public employee pension fund have some share of Oi. Globally, banks will have 12 billion reais on Oi. This is a big puzzle. Everybody broken and a lot of corrupt pepole among them. Very tricky.

  • Reply to

    Suspension of payments to BNDES

    by joeantfig Jun 20, 2016 5:53 AM
    joeantfig joeantfig Jun 20, 2016 2:38 PM Flag

    It is not possible that some white knight will come. Why? Because, actual regulation of Oi does not allow any shareholder to have more than 15% of the votes. Nobody want to put a penny in a company to have only 15% of the votes. This is a typical mess between brazilian and portuguese guys. and a bunch of them are corrupt people. This soap opera will have 2 more weeks. After that, the turnaorund will not happen. someone will pick the pieces for a penny, probably the banks.

  • Reply to

    Suspension of payments to BNDES

    by joeantfig Jun 20, 2016 5:53 AM
    joeantfig joeantfig Jun 20, 2016 10:39 AM Flag

    One way or another, it is the same. I read that national authority of telecomunications of Brasil does not allow a telecom of operating under BK situation. They are dealing with brazilian banks to control the BK. But this is a clear pressure to bondholders. Pharol are now in charge, trying to control the ownership of actual shareholders. But things can change.

  • According to portuguese newspaper, Negocios, Oi has agreed a suspension of payments to BNDES. They are trying to do the same with other brazilian banks, like Bradesco, Itaú and Banco do Brasil.

  • -Fitch Ratings has downgraded Oi S.A.'s (Oi) Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDR) and its senior unsecured notes to 'C' from 'CCC'. Fitch has also downgraded the company's National Long-Term Rating and local debentures rating to 'C(bra)' from 'CCC(bra)'. A full list of rating actions follows at the end of this release.

    KEY ASSUMPTIONS

    Fitch's key assumptions within the rating case for Oi include:

    --Negative FCF generation to remain uncurbed in 2016 due to high interest expenses and capex, amid falling EBITDA

    --Oi to deplete its cash balance by end-2016 in the absence of debt restructuring

  • Many moves. OIBR4 decreasing a lot in Bovespa. OIBR3 up a little. Big volumes. Is it Bk ahead? Is it a knight partner?

  • Reply to

    OIBR restructuring talks

    by netbum_98 Jun 17, 2016 11:59 AM
    joeantfig joeantfig Jun 17, 2016 12:56 PM Flag

    Countdown to a BK? Or are they waiting for the help of the brazilian government?

  • joeantfig by joeantfig Jun 16, 2016 6:35 PM Flag

    Oi S.A. (?Oi? or the Company?, Bovespa: OIBR3, OIBR4; NYSE: OIBR and OIBR.C)
    informs its shareholders and the market in general that, on this date, it entered, via its whollyowned
    subsidiaries PT Participa��es, SGPS, S.A (?PT Participa��es?) and Africatel GmbH &
    Co. KG (?Africatel KG?), and 75%-owned subsidiary Africatel Holdings B.V. (?Africatel
    BV?), into a series of agreements with Samba Luxco S.� r. l. (?Samba? or ?Helios?), an
    affiliate of Helios Investors LP and owner of the remaining 25% of Africatel BV, with the
    primary purpose of settling the arbitral proceedings commenced against Africatel KG in
    November 2014.
    Pursuant to the Settlement and Share Exchange Agreement (?SSEA?) executed today, Samba
    will, upon completion: (i) withdraw the pending arbitral proceedings and release Oi?s
    subsidiaries from all past and present claims relating to alleged breaches of the Africatel BV
    shareholders? agreement dated 13 August 2007 (as amended from time to time in accordance
    with its terms) (the ?Africatel SHA?) asserted in the arbitration, (ii) waive certain approval
    rights it has under the Africatel SHA, and (iii) transfer to Oi?s subsidiary, Africatel BV,
    11,000 shares with a nominal value of #$%$ 1 each in the share capital of Africatel BV, reducing
    Samba?s stake in Africatel BV from 25% to 14%.
    In exchange, Africatel BV will transfer to Samba its approximately 34% stake in the
    Namibian telecoms operator, Mobile Telecommunications Limited.

  • BRIDGE ADMINISTRADORA DE RECURSOS LTDA., a corporation with offices at Praia de Botafogo No. 501, Block I, room 201, Rio de Janeiro, Brazil, registered under the Taxpayers’ Registry No. 11.010.779/0001-42 ("BRIDGE"), informs that through the investment fund under its management, it has become the holder of 31,704,328 common shares and 17,190,300 preferred shares of Oi S.A. ("Company"), equivalent to 4.75% of the Company’s voting capital and 10.90% of the Company’s preferred shares, totaling 5.92% of the Company’s share capital.

ALU
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