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|Day's Range||0.00 - 0.00|
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|PE Ratio (TTM)||N/A|
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SAO PAULO/LISBON (Reuters) - The chief executive of Oi SA has resigned, its largest shareholder said on Friday, as the Brazilian telecommunications firm enters a crucial phase in Latin America's biggest-ever bankruptcy proceedings. A spokeswoman for Portugal's Pharol SGPS SA, which owns about 27.5 percent of Oi's voting shares and is part of a controlling shareholder bloc, said it had been informed of Marco Schroeder's resignation.
A group of bondholders that are Oi SA's (OIBR4.SA) largest creditors demanded on Sunday that the company's top executives meet them as soon as possible to renegotiate a debt plan. The letter was sent by the main advisors of the International Bondholders Committee the Ad Hoc Group of Oi Bondholders. An emailed request for comment from Oi was not immediately returned Sunday night.
RIO DE JANEIRO , Oct. 12, 2017 /PRNewswire/ -- Oi S.A. – In Judicial Reorganization (" Oi ," and together with certain of its affiliates, the " Company "), in compliance with Article ...
Brazilian wireless carrier Oi SA's (OIBR3.SA) two biggest creditor groups on Monday reaffirmed their commitment to an alternative debt-restructuring plan, about a month after pushing back against a proposal from the company's management. In a statement, the International Bondholder Committee and the Ad-Hoc Group of Oi bondholders, along with a group of export credit agencies (ECAs), said their plan would have the company invest 6.5 billion reais (1.55 billion pounds) per year, a 30 percent increase from current levels. Both groups and the ECAs are owed a combined 22.6 billion reais, or more than one-third of Oi's 65 billion reais in debt being restructured in court as part of Brazil's biggest bankruptcy protection case ever.