SAO PAULO Oct 17 The head of Brazil's telecom watchdog Anatel said on Monday it was not the government's goal to intervene in Oi SA but it must 'be prepared' to do so should the country's largest fixed-line carrier fail to resolve debt problems during its bankruptcy proceedings.
Juarez Quadros told Reuters on the sidelines of a telecoms event in Sao Paulo that Anatel would let Oi's bankruptcy proceedings, which started on June 20, run their course before deciding on any possible action.
"The government wants a market solution," he said, adding the company has 6 months under Brazilian bankruptcy law to complete its reorganization. (Reporting by Ana Mano; Editing by Daniel Flynn)
Morning News Call - India, June 23
(India Morning Newsletter will not be published on Monday, June 26, as markets are closed for Eid-Ul-Fitr) To access the newsletter, click on the link: http://share.thomsonreuters.com/assets/newsletters/Indiamorning/MNC_IN_06232017.pdf If you would like to receive this newsletter via email, please register at: https://forms.thomsonreuters.com/india-morning/ FACTORS TO WATCH 10:00 am: Urban Development Minister Venkaiah Naidu at an event in New Delhi. 11:00