Brazil'' s Oi states U.S. tribunal approves bankruptcy security request

© Reuters. People walk in front of the headquarters of the Brazil’s biggest fixed-line telecoms group Oi, in Rio de Janeiro

RIO DE JANEIRO (Reuters) – Brazilian telecoms company Oi SA stated on Wednesday a U.S. tribunal approved its request for Chapter 15 bankruptcy protection. Brazil’s largest fixed-line phone provider and No. 4 mobile operator, along with 6 subsidiaries, filed on Monday for protection from lenders on 65.4 billion reais ($19.3 billion) of bonds, bank debt and running liabilities. Disclaimer: Blend Media want to remind you that the data consisted of in this site is not always real-time nor precise. All CFDs (stocks, indexes, futures) and Forex rates are not provided by exchanges however rather by market makers, therefore prices might not be precise and may differ from the real market value, indicating prices are indicative and not proper for trading purposes. For that reason Blend Media does n`t bear any duty for any trading losses you may incur as an outcome of using this data. Combination Media or anyone involved with Combination Media will decline any liability for loss or damage as a result of reliance on the information including information, quotes, charts and buy/sell signals contained within this website. Please be completely notified concerning the dangers and expenses related to trading the financial markets, it is among the riskiest financial investment forms possible.

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