Oi Slumps as Talks Stall on $14.5 Billion Debt Restructuring

  • Creditors seeking 95 percent of the company after swap
  • Telecom company hasn’t responded to creditors’ proposal

Shares of Oi SA tumbled on speculation that Brazil’s most indebted telecommunications operator is closer to filing for bankruptcy protection after documents released Friday showed little sign of progress in talks with bondholders.

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