By FDI Creative Services on 06/09/2017
Category: Security News

Exclusive: Brazil's Oi considers capital hike to accelerate reorganization

SAO PAULO (Reuters) - Oi SA is working on a proposal to raise 8 billion reais ($2.4 billion) in fresh capital from shareholders and investors as a way to accelerate the Brazilian wireless carrier's emergence from bankruptcy, Chief Executive Officer Marco Schroeder told Reuters on Friday.

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