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Oi’s creditors leery of new restructuring plan as proposal turns sour

Connectivity BusinessbyConnectivity Business
March 22, 2017
in Financing, Government and Legal, Space Services
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The new restructuring plan Oi (BMV:OIB4) is set to present to bondholders is likely to be quashed. Oi’s creditors, represented by Moelis & Co, have filed for judicial mediation over aspects of the in-court reorganisation plan and urged the operator to consider the alternative proposal from Egyptian billionaire Naguib Sawiris’ Orascom Telecom Media and Technology. This […]

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Tags: Cleary GottliebLatin AmericaMoelis & CompanyNaguib SawirisOiOrascom Telecom Media and Technology (OTMT)PremiumTF254
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