Oi bondholders aim for 95% equity share

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Emerging Markets
EM LatAm

Oi bondholders aim for 95% equity share

Oliver West
June 18, 2016 09:30 pm
Oi, Brazil, telecoms
A man passes in front of a OI cell phone operator banner in Brasilia, Brazil, July 23, 2012. Begins to run the suspension of selling new mobile phone lines, imposed by the National Telecommunications Agency (Anatel) to three major operators in the country: Claro, Oi and TIM. Photo: Joedson Alves/dpa/ef | Joedson Alves/DPA/PA Images

Fitch gave Brazilian telco Oi yet another downgrade on Friday after the company, which has nearly $15bn of debt, revealed that it had not responded to a restructuring proposal from bondholders.

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Oliver West
US Bureau Chief - Latin America Editor
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