Oi Slumps as Talks Stall on $14.5 Billion Debt RestructuringBy and
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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