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Oi negotiates extension of BRL 14 bln in bank debt - report
2016-08-15 09:15:00| Telecompaper Headlines
(Telecompaper) Brazilian operator Oi is close to reaching a tentative agreement with banks to postpone BRL 14 billion in debt payments without any discounts, reports O Globo. The proposal on the table is to divide up this amount over a period of 15 years, a source familiar with the process said. Banco do Brasil is the largest creditor, with BRL 4.4 billion, followed by BNDES (BRL 3.3 billion), China Development Bank (BRL 2.4 billion), Caixa Economica Federal (BRL 1.9 billion) and Itau (BRL 1.5 billion). Financial institutions account for just over 21 percent of the total debt of the company, of approximately BRL 65.4 billion. According to the same source, the banks will not accept shares of the operator in exchange for debt.
Tags: report
bank
extension
debt
Brazil earns BRL 762.5 mln from frequency auction
2016-06-03 18:56:00| Telecompaper Headlines
(Telecompaper) Brazil's National Telecommunications Agency (Anatel) published in the Official Gazette the decision of the Board that approves the award of 1,469 bidding lots for the use of radio frequencies in the 1,800 MHz, 1,900 MHz and 2,500 MHz bands. These will expand the telecom infrastructure in the country, and in particular broadband.
Tags: brazil
frequency
auction
mln
Oi revenues down 4% to BRL 6.8 bln in Q1
2016-05-12 16:33:00| Telecompaper Headlines
(Telecompaper) Brazilian operator Oi reported first quarter net revenues of BRL 6.76 billion, down 4.4 percent year on year, impacted by MTR cuts, increased competition resulting form the ongoing economic recession and costs related to a debt it's in the process of restructuring. EBITDA fell 12.6 percent to BRL 1.69 billion, due above all to lower revenues, while the company's net loss widened to BRL 1.64 billion from BRL 469.9 million a year earlier. Capex increased 22.3 percent year on year to BRL 1.20 billion in the quarter, focusing mainly on network modernisation as part Oi's transformation plan to support recently-launched offers and improve customer experience. Oi also announced that its debt was BRL 49.4 billion at the end of the first quarter, down from BRL 54.9 billion, with almost 80 percent held in foreign currencies.
Bearclaw Capital Corp. (BRL) Director Scott Mackenzie Ross Acquires 1,122,042 Shares
2015-12-29 01:57:43| Biotech - Topix.net
Bearclaw Capital Corp. Director Scott Mackenzie Ross bought 1,122,042 shares of the firm's stock in a transaction that occurred on Thursday, December 24th. The stock was purchased at an average price of C$0.02 per share, with a total value of C$22,440.84.
Tags: director
capital
scott
corp
Brazil receives BRL 760 mln in bids at frequency auction
2015-12-21 09:53:00| Telecompaper Headlines
(Telecompaper) Brazil's National Telecommunications Agency (Anatel) announced that BRL 762.7 million was earned during the first bidding session for lots A and B of the leftovers in the 1,800 MHz, 1,900 MHz and 2,500 MHz frequency bands. In one of the lots, the premium over the minimum price set by the regulator reached 1,272.53 percent.
Tags: brazil
frequency
auction
bids