OIBR3.SA : Summary for OI ON N1 - Yahoo Finance

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Oi S.A. (OIBR3.SA)

Sao Paolo - Sao Paolo Delayed Price. Currency in BRL
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2.89+0.04 (+1.40%)
At close: 3:05 PM EST
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Previous Close2.85
Bid2.70 x
Ask3.00 x
Day's Range2.81 - 2.90
52 Week Range0.78 - 4.37
Avg. Volume1,787,039
Market Cap1.87B
PE Ratio (TTM)-0.26
Earnings DateN/A
Dividend & YieldN/A (N/A)
Ex-Dividend DateN/A
1y Target EstN/A
  • Reuters11 hours ago

    Creditors to present Brazil's Oi with new restructuring plan

    A group of creditors of Brazil's struggling phone operator Oi SA, including export credit insurers and banks, plans to present to the company in the next two weeks a new restructuring proposal. The group, represented by FTI Consulting Canada ULC, Milbank, Tweed, Hadley & McCloy LLP, Mattos Filho, Veiga Filho, Marrey Jr. and Quiroga Advogados, said in a statement that it is in talks with the Sawiris Group and bondholders represented by Moelis & Co for an alternative restructuring plan for Oi. Oi, Brazil's forth largest wireless carrier, went into bankruptcy protection last June.

  • Reuters4 days ago

    Brazil Senate committee approves new rules for phone carriers

    A Brazilian Senate committee on Tuesday approved changes in the legal framework for telecommunications companies, overhauling a concession-based model that had created uncertainty about the value of their fixed-line assets. The bill will be signed into law by President Michel Temer unless a senator calls for a vote on the Senate floor within five working days.

  • Reuters8 days ago

    Brazil's Oi hints at outright debt-stock swap, sources say

    Oi SA could scrap a proposed three-year restriction on creditors swapping part of their debt for equity, in a sign that Brazil's No. 4 wireless carrier wants to lure bondholder support to exit bankruptcy protection faster, two people with knowledge of the matter said on Friday. The limit, which Oi included in a reorganization proposal on Sept. 5, drew creditor anger and helped slow the carrier's in-court restructuring. Chief Executive Officer Marco Schroeder told Oi's two bondholder groups this week that shareholders now seem less reluctant to accept a debt-for-equity swap, the people said.