Egypt: Orascom extends deadline of alternative plan for Brazil’s Oi

Reuters UK  31.01.2017

 

Orascom TMT Investments Sarl has voluntarily extended the deadline to consider an alternative in-court reorganization plan for Brazilian phone carrier Oi SA, which in June filed for Egypt’s largest bankruptcy protection process ever.

 

Orascom TMT Investments Sarl has voluntarily extended the deadline to consider an alternative in-court reorganization plan for Brazilian phone carrier Oi SA, which in June filed for the nation’s largest bankruptcy protection process ever. In a securities filing on Monday, Oi said the decision will allow management and shareholders to examine Orascom’s suggestions for the reorganization.

 

http://uk.reuters.com/article/oi-sa-restructuring-otmt-idUKL1N1FK1QJ

 

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