Oi (OIB3) receives R$5.68 billion proposal from V.Tal for ClientCo – Money Times


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The company added that the proposal, the only one of the round, was forwarded for deliberation by creditors (Image: REUTERS/Nacho Doce)

A Hey (OIBR3), which is in judicial recoveryreported on Wednesday that it received an offer of 5.68 billion reais from the telecommunications company V. Tal for the ClientCoin a second round for asset disposal.

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The company added that the proposal, the only one in the round, was forwarded to creditors for deliberation.

The telephone operator had already received a previous proposal of 1.03 billion reais from Paraná-based Ligga Telecomunicações, which was rejected by creditors. The offer was below the minimum required of 7.3 billion reais.

This time, Oi stated, according to the clause of the company's judicial recovery plan for the purposes of the second round, there is no minimum price established, “and proposals that provide for any form of payment or a combination of them may be accepted”.

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