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Oi uncertain of reaching agreement with bondholders

Connectivity BusinessbyConnectivity Business
June 17, 2016
in Financing, Space Services
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Brazilian telco Oi (BVMF:OIBR4) has said it has not reached an agreement with bondholders on the terms of a potential financial restructuring of the company and cannot provide any assurance that negotiations will continue or an agreement will be arrived at. A term sheet from noteholders shows that they want to hold 95% of the telco’s equity, […]

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