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Oi SA em Recuperacao Judicial (OIBR3.SA)

OIBR3.SA on Sao Paulo Stock Exchange

2.99BRL
13 Aug 2018
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Latest Key Developments (Source: Significant Developments)

Brazil's Oi postpones earnings release to May 28 - filing
Tuesday, 15 May 2018 08:11am EDT 

May 15 (Reuters) - Oi SA ::BRAZILIAN CARRIER OI REPORTS Q1 NON-AUDITED EBITDA OF 1.56 BILLION REAIS - FILING.BRAZIL'S OI POSTPONES EARNINGS RELEASE TO MAY 28 - FILING.BRAZIL'S OI SAYS DELAYED EARNINGS RELEASE DUE TO DISCUSSIONS WITH AUDITORS ABOUT WHEN TO RECOGNIZE DEBT REESTRUCTURING.BRAZIL'S OI REPORTS UNAUDITED CASH POSITION OF 6.22 BILLION REAIS AT THE END OF MARCH.  Full Article

Board Of Brazilian Carrier Oi Says New Shares Will Be Issued At 7 Reais- Filing
Tuesday, 13 Mar 2018 06:04pm EDT 

March 13 (Reuters) - Oi Sa ::BOARD OF BRAZILIAN CARRIER OI APPROVES CAPITAL RAISE OF AT LEAST 7.3 BILLION REAIS, UP TO 12.3 BILLION REAIS- FILING.BOARD OF BRAZILIAN CARRIER OI SAYS NEW SHARES WILL BE ISSUED AT 7 REAIS- FILING.BRAZILIAN CARRIER OI SAYS DILUTION OF CURRENT SHAREHOLDERS WITH CAPITAL RAISE MAY REACH UP TO 70 PERCENT- FILING.  Full Article

Oi SA says Voting Rights of a Group of Shareholders Have Been Suspended
Wednesday, 7 Mar 2018 08:48pm EST 

March 7 (Reuters) - Oi Sa ::OI S.A.: SUSPENSION OF THE VOTING RIGHTS OF A GROUP OF SHAREHOLDERS.SHAREHOLDERS BRATEL S.À.R.L., SOCIÉTÉ MONDIALE FUNDO DE INVESTIMENTO EM AÇÕES, PETRORIO S.A., AURÉLIO VALPORTO, HAVE THEIR RIGHTS SUSPENDED.COURT ALSO ORDERED SUBPOENA OF CURRENT EXECUTIVE OFFICERS AND CEO OF COMPANY AND SHAREHOLDERS WHOSE VOTING RIGHTS WERE SUSPENDED.  Full Article

Pharol Says Market Arbitration Chamber Partially Accepts Urgency Measures Presented By Its Unit Bratel Against Oi
Tuesday, 6 Mar 2018 04:58am EST 

March 6 (Reuters) - PHAROL SGPS SA ::SAYS MARKET ARBITRATION CHAMBER PARTIALLY ACCEPTED REQUEST FOR URGENT MEASURES PRESENTED BY ITS UNIT BRATEL AGAINST OI‍​.SAYS ACCORDING TO MARKET ARBITRATION CHAMBER'S DECISION, OI SHOULD REFRAIN FROM IMPLEMENTING CAPITAL INCREASE.  Full Article

Court Administrator For Brazil's Oi Declares Quorum For Creditor Assembly
Tuesday, 19 Dec 2017 09:09am EST 

Dec 19 (Reuters) - Oi Sa ::COURT ADMINISTRATOR FOR BRAZIL CARRIER OI'S BANKRUPTCY CASE ANNOUNCES SUFFICIENT QUORUM FOR CREDITOR ASSEMBLY TO START.  Full Article

Pharol says ready for major dilution in Oi, to go along with cash call
Friday, 24 Nov 2017 11:46am EST 

Nov 24 (Reuters) - Portugal's holding company Pharol Sgps Sa ::CEO Luis Palha da Silva says Pharol is ready for a significant dilution of its stake in Brazil's troubled telecoms giant Oi under the latest restructuring plan.nL1N1NR02U.Pharol will seek to keep a large stake in Oi, wants to take part in a capital increase..Pharol is the largest shareholder in Brazil's troubled telecom group Oi, where it holds a 27.2 percent stake..Pharol will ponder various options, consider financial instruments to come up with cash for the capital increase..Laments a lack of cooperation of some Oi bondholders..Says the latest plan answers bondholder concerns..  Full Article

Pharol seeks to keep high stake in Oi in restructuring -CEO
Thursday, 12 Oct 2017 12:51pm EDT 

Oct 12 (Reuters) - CEO of Portugal's Pharol SGPS , the largest shareholder in Brazil's telecom firm Oi says::Oi restructuring plan presented on Wednesday is "balanced and positive"..Luis Palha da Silva says Pharol will make an effort to keep its stake in Oi at highest possible percentage after the restructuring..Pharol is not opposed to "demanding" dilution of shareholdings in Oi..A restructured Oi will be ready for mergers and acquisitions activity, not necessarily as a target..Pharol holds a 25.7 percent stake in Oi..Oi, which is in a bankruptcy protection process, submitted a debt restructuring plan that would limit the debt-for-equity swap demanded by creditors to 25 percent of its capital, far below the 88 percent proposed by a group of bondholders. nL2N1MM2JP.Further company coverage: PHRA.LS.  Full Article

Pharol Q2 net profit doubles to 57.6 million euros YoY
Wednesday, 31 Aug 2016 01:55am EDT 

Pharol SGPS SA : Said on Tuesday Q2 net profit doubles to 57.6 million euros ($64.2 million) versus 28.5 million euros year ago . The book value of Pharol's investment in Oi as of June 30 amounted to 99.8 million euros . "The second half of 2016 will be marked by the evolution of the judicial recovery process (...) in which investee Oi is involved" CEO Luis Palha da Silva said . Q2 EBITDA loss at 1.9 million versus loss of 5.3 million euros year ago . Q2 gains in joint ventures and associates up at 64.2 million euros versus 51.9 million euros year ago .Says intends to exclusively focus on the management of the company's current portfolio, not foreseeing diversification in its activities nor relevant investments.  Full Article

Brazil's Oi reports lower net loss

SAO PAULO Oi SA , Brazil's largest fixed line telecom company, posted on Monday a lower net loss in the second quarter helped by lower expenses.