Oi submits new restructuring plan ahead of adjourned creditors’ vote

Oi submits new restructuring plan ahead of adjourned creditors’ vote

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.

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