Struggling Brazilian telco Oi has asked the court administrating its bankruptcy protection for authorisation to sell its direct and indirect interests in Timor Telecom. Oi received a proposal from Investel Communications Limited of approximately US$36m for the asset, in addition to the payment of Timor Telecom’s debts to Oi worth about US$26m. Struggling Brazilian telco Oi (BMV:OIB4) has asked the court […]