Brazil's Oi, units file for bankruptcy protection

lunes 20 de junio de 2016 17:25 GYT
 

SAO PAULO, June 20 (Reuters) - Oi SA and six subsidiaries filed for bankruptcy protection in a Rio de Janeiro court on Monday, after Brazil's most indebted phone carrier failed to reach an agreement with creditors to restructure 65.4 billion reais ($19.27 billion) in obligations.

In a securities filing, Oi said the company will aim to maintain service quality standards during the process.

($1 = 3.3937 Brazilian reais) (Reporting by Guillermo Parra-Bernal; Editing by Chris Reese)