Oi management and creditors face new impasse as regulator asks to see revised plan

Oi management and creditors face new impasse as regulator asks to see revised plan

Confidential settlement negations between the management of Brazilian telecoms company Oi and major creditor groups have come to an end without a deal, as bondholders rejected a plan support agreement approved by the company’s board that must now be presented to Brazil’s telecoms regulator.

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