News
Brazilian telecoms operator Oi plans to divest its stake in neutral fiber company V.tal, as well as its fiber broadband customer base, in a new push to cut debt and improve financial sustainability.
The two items are at the core of a new version of Ois judicial reorganization filed Tuesday with the Rio de Janeiro court overseeing the company’s process.
This re-worked plan is yet to be approved by the court and by creditors. A general creditors meeting is scheduled for March.
With the new plan, Oi hopes to achieve the restructuring of its financial debts, adapting them to its payment capacity, without compromising its operation and the expansion of its business in the fiber optics segment, the company’s main product, Oi sai…
Read the full article at: https://www.bnamericas.com/en/news/oi-to-divest-vtal-stake-fiber-base-under-updated-restructuring-plan