Sawiris and creditors propose US$1.25bn injection to take control of Oi
Egyptian billionaire Naguib Sawiris and Oi‘s bondholders have proposed investments worth R$37bn (US$11bn) over five years in exchange for 95% of ...
Tag: Societe Mondiale
Orascom names new CEO and CFO, Naguib Sawiris to step down
Egyptian TMT tycoon Naguib Sawiris has tendered his resignation as CEO of Orascom Telecom Media and Technology and is set to be replaced by COO ...
Oi hires Laplace as financial adviser, halts sale of Timor Telecom
Oi has hired restructuring specialist Laplace Finanças, which is going to assist in the judicial reorganisation process of the company and its ...
Oi eyes merger with AT&T’s Sky Brasil
Struggling Brazilian telco Oi is reportedly looking to merge with Sky Brasil, owned by AT&T-controlled DirecTV Latin America. Oi reportedly intends to approach the satellite television ...
Aurelius forms new bondholder group to negotiate with Oi
New York-based Aurelius Capital Management has reportedly formed a second dissident group of bondholders at Brazilian telco Oi, likely complicating ...
Oi hires Laplace as financial adviser, Sawiris and bondholders consider bid
Struggling Brazilian telco Oi has reportedly hired restructuring specialist Laplace Finanças to replace PJT Partners as its financial adviser on its debt restructuring. Meanwhile, a ...
América Móvil interested in Oi, CEO says
Carlos Slim’s América Móvil, owner of Brazilian telco Claro, is reportedly interested in acquiring all or part of the operations of struggling rival Oi, its CEO ...
Shareholders reach agreement over Oi, Sawiris still eyeing Brazilian telco
The two major shareholders in Oi, Pharol and Société Mondiale, have reached an agreement to end their quarrel over the future of the Rio de ...
Ricardo Malavazi Martins becomes Oi’s new CFO in wake of bondholders rejecting reorganisation plan
Struggling Brazilian telco Oi has elected Ricardo Malavazi Martins as CFO, replacing Flavio Nicolay Guimarães, who resigned after bondholders rejected the company’s reorganisation plan. Martins sits on ...
Bondholders reject Oi reorganisation plan, investors claim to have a better idea
Bondholders have reportedly rejected the reorganisation plan which the management of struggling Brazilian telco Oi presented to a bankruptcy court this week. The committee ...
