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Oi submits new restructuring plan ahead of adjourned creditors’ vote

By Kyriaki Karadelis

12 October 2017

Oi submits new restructuring plan ahead of adjourned creditors’ vote Oi phone booth in Rio de Janeiro iStock.com/dabldy

Brazilian telecoms group Oi has submitted a revised restructuring plan before a court in Rio de Janeiro proposing a capital injection of 9 billion reais, as creditors prepare to vote on whether the group can restructure seven entities in one go treating all creditors as a single, consolidated group.