Staying Informed

Fitch: Oi's Potential Sale of PT Portugal Could Prove Positive

NEW YORK--(BUSINESS WIRE)--The potential sale of PT Portugal SGPS, S.A. (PT) could prove positive for Oi to the extent it provides needed cash to invest and strengthen its market position in Brazil amid its suppressed cash generation, according to Fitch Ratings. The potential sale is unlikely to result in an immediate rating action, but the use of proceeds to improve Oi's long-term ...

 

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