Oi’s Endless Crisis, Brazil’s Most Indebted Company

Since 2016, the company has changed command, saw itself caught up in a Lava Jato investigation, and saw the price of its shares plummet in the period.

RIO DE JANEIRO, BRAZIL - The Oi crisis, involving one of the country's largest telecommunications carriers, began in June 2016 when it filed for bankruptcy protection after its debt reached the level of R$65 billion (US$13 billion).

On Saturday, July 18th, part of the company's problems seem to have . . .

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