Brazil's Oi to Seek 4b Reais Funding in Reorganization Plan.

The plan was approved by the company's board on late Friday, according to a filing, and indicates the measures Oi and its subsidiaries will adopt in order to strengthen its capital structure. (Bloomberg) -- Under judicial protection since mid March, Brazilian telecom operator Oi plans to seek emergency funding of at least 4 billion reais as well as to renegotiate debts. [Extracted from the article]

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