Brazil's Oi says U.S. tribunal approves bankruptcy protection request
RIO DE JANEIRO, June 22 (Reuters) - Brazilian telecoms provider Oi SA said on Wednesday a U.S. tribunal approved its request for Chapter 15 bankruptcy protection.
Brazil's largest fixed-line phone carrier and No.4 mobile operator, along with six subsidiaries, filed on Monday for protection from creditors on 65.4 billion reais ($19.3 billion) of bonds, bank debt and operating liabilities. (Reporting by Stephen Eisenhammer; Editing by Sandra Maler)
© Thomson Reuters 2016 All rights reserved.