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Oi SA em Recuperacao Judicial (OIBR4.SA)

OIBR4.SA on Sao Paulo Stock Exchange

1.57BRL
22 Feb 2019
Change (% chg)

R$ 0.04 (+2.61%)
Prev Close
R$ 1.53
Open
R$ 1.52
Day's High
R$ 1.57
Day's Low
R$ 1.52
Volume
3,785,100
Avg. Vol
3,891,007
52-wk High
R$ 4.09
52-wk Low
R$ 1.25

Latest Key Developments (Source: Significant Developments)

Pharol Subscribed 127.5 Mln New Shares In Capital Increase Of Oi
Monday, 28 Jan 2019 11:44am EST 

Jan 28 (Reuters) - Pharol SGPS SA ::SUBSCRIBED 127,548,955 NEW SHARES IN CONTEXT OF CAPITAL INCREASE OF OI.OI MADE A PAYMENT OF 25 MILLION EUROS, WHICH ALLOWED SUBSCRIPTION OF 85,721,774 NEW SHARES.USING OWN FUNDS, PHAROL SUBSCRIBED 41,827,181 NEW SHARES.  Full Article

Brazilian Antitrust Watchdog Cade Approves Telecom Infrastructure Sharing By Tim And Oi- Statement
Wednesday, 7 Nov 2018 09:12am EST 

Nov 7 (Reuters) - Tim Participacoes SA ::BRAZILIAN ANTITRUST WATCHDOG CADE APPROVES TELECOM INFRASTRUCTURE SHARING BY TIM AND OI- STATEMENT.CADE SAYS INFRASTRUCTURE SHARING IS BENEFICIAL TO CONSUMER, "COST TO CLIENTS OF BOTH COMPANIES FELL SINCE AGREEMENT".  Full Article

Brazil's Oi names Roger Solé, former Vivo And TIM executive, as new board member- filing
Thursday, 4 Oct 2018 04:14pm EDT 

Oct 4 (Reuters) - Oi SA em Recuperacao Judicial ::BRAZIL'S OI NAMES ROGER SOLÉ, FORMER VIVO AND TIM EXECUTIVE, AS NEW BOARD MEMBER- FILING.  Full Article

Oi SA Files With U.S. SEC For Offering Of New Common Shares Of Up To $971.1 Mln
Tuesday, 4 Sep 2018 06:49am EDT 

Sept 4 (Reuters) - Oi SA em Recuperacao Judicial ::OI SA FILES WITH U.S. SEC FOR OFFERING OF NEW COMMON SHARES OF UP TO $971.1 MILLION - SEC FILING.  Full Article

Goldentree Asset Management discloses 9.3 pct stake in Brazilian carrier Oi SA - filing
Wednesday, 1 Aug 2018 06:29pm EDT 

Aug 1 (Reuters) - Oi SA em Recuperacao Judicial ::GOLDENTREE ASSET MANAGEMENT DISCLOSES 9.29 PERCENT STAKE IN BRAZILIAN CARRIER OI WITHIN IN-COURT REORGANIZATION - FILING.  Full Article

Pharol Says Files Injunction Against Oi And Its Units In Portugal
Friday, 22 Jun 2018 11:20am EDT 

June 22 (Reuters) - Pharol SGPS SA ::INJUNCTION FILED AGAINST OI SA – IN JUDICIAL REORGANIZATION AND ITS SUBSIDIARIES IN PORTUGAL .INJUNCTION AGAINST OI SA – IN JUDICIAL REORGANIZATION REQUESTING SEIZURE OF GOODS, MONEY AND RIGHTS .  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

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Brazilian telecom Oi hires BofA Merrill Lynch as M&A adviser

SAO PAULO Brazilian telecoms carrier Oi SA said on Monday in a securities filing it had hired Bank of America Merrill Lynch to sell non-core business assets.