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Oi presents debt restructuring plan to court
2016-09-06 08:46:00| Telecompaper Headlines
(Telecompaper) The board of directors of Brazilian operator Oi approved the terms and conditions of the company's Judicial Reorganization Plan and presented it to the court in Rio de Janeiro managing the company's restructuring process. The plan establishes the terms and conditions for overcoming the company's debt crisis and ensuring the ongoing continuity of the business, including measures for the restructuring of liabilities, obtaining new financial resources and the possible sale of fixed assets.
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Category:Telecommunications