November 30, 2017 / 6:36 PM / 11 days ago

New CEO of Brazil's Oi to adopt a conciliatory tone in creditor talks

RIO DE JANEIRO (Reuters) - The new chief executive officer of Oi SA (OIBR4.SA), the Brazilian carrier which is conducting Latin America´s largest ever debt restructuring, said the company will adopt a conciliatory tone in talks with creditors.

The headquarters of the Brazil's largest fixed-line telecoms group Oi, is pictured in Rio de Janeiro, Brazil, June 22, 2016. REUTERS/Sergio Moraes

Eurico Teles Neto said he believes Oi´s restructuring plan will be voted on by the creditors at a meeting scheduled for Dec. 19.

Reporting by Rodrigo Viga Gaier; Writing by Ana Mano; editing by Jonathan Oatis

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below