Oi’s Creditors Approve $1 Billion Sale of Broadband Unit to V.tal

Oi, the Brazilian telecom company, has taken a significant step towards ending its judicial recovery. On Tuesday, October 8, creditors approved the sale of ClientCo, Oi’s broadband unit, to internet company V.tal after two auction rounds. This deal is somewhat of an inside job, as Oi holds a minority stake in V.tal. BTG Pactual controls […]