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Brazil's Oi sees debt plan vote by end of June -CEO
March 23, 2017 / 2:29 PM / 9 months ago

Brazil's Oi sees debt plan vote by end of June -CEO

SAO PAULO, March 23 (Reuters) - Brazilian telephone operator Oi SA expects its in-court reorganization plan to go to a vote before creditors by the end of June, Chief Executive Officer Marco Schroeder told investors and analysts on a conference call on Thursday.

A court-appointed administrator for Oi, which is undergoing Brazil’s biggest-ever bankruptcy protection process, will publish a second list of claims by the end of April, Schroeder said. Creditors will have 30 days to challenge the revised claims list, after which the judge may call a creditor assembly to vote on the plan, Schroeder added. (Reporting by Ana Mano)

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