Oi Files for Brazil Record $19 Billion Bankruptcy Protection

  • Major creditors include BNDES, Caixa Economica, Itau
  • Regulator Anatel says company needs consent to sell assets

Oi SA filed for bankruptcy protection on 65 billion reais ($19 billion) in debt -- a Brazilian record -- after failing to reach an agreement with creditors, the last straw following a long saga of mergers and leadership changes.

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