Oi CEO Resumes Debt Talks, Working on Several Proposals

Oi SA , the bankrupt Brazilian phone company, is resuming negotiations with creditors and is working toward bringing a restructuring plan for more than $20 billion in debt to the courts in 60 business days, Chief Executive Officer Marco Schroeder said.

“Discussion will involve new types of debt, debt conversion into equity, bonds with longer and shorter maturity,” Schroeder said in a phone interview. “Now we are going back to the table and we won’t have a single proposal. We will have several so that investors can choose the ones that are more adequate to their profile.”