January 26, 2017 / 9:02 PM / in a year

UPDATE 1-Dutch court delays bankruptcy ruling on subsidiaries of Brazil's Oi

(Updates with securities filing confirming the delay)

SAO PAULO, Jan 26 (Reuters) - A court in the Netherlands on Thursday postponed until Feb. 2 a decision on whether to enforce bankruptcy proceedings against two subsidiaries of phone carrier Oi SA, which is under creditor protection in Brazil, the company confirmed on Thursday in a securities filing.

Reuters had reported the postponement of the ruling earlier on Thursday. The two sources briefed on the matter did not elaborate on the reasons for the delay.

Court administrators filed a petition in an Amsterdam court last year to convert the legal status of Oi Brasil Holdings Coöperatief UA and Portugal Telecom International Finance BV bankruptcy from “suspension of payments.” (Reporting by Ana Mano and Tatiana Bautzer; Editing by Meredith Mazzilli and Andrew Hay)

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