March 31, 2017 / 10:09 PM / a year ago

Orascom extends deadline for Brazil's Oi alternative plan a 3rd time

SAO PAULO, March 31 (Reuters) - Orascom TMT Investments Sarl has voluntarily extended for a third time the deadline for Brazilian phone carrier Oi SA to consider an alternative in-court reorganization plan, according to a securities filing on Friday.

Oi said in the filing the decision will allow management and shareholders to examine Orascom’s suggestions for the reorganization. Oi said Orascom voluntarily sent a letter to the company extending the deadline to May 1. (Reporting by Ana Mano; Editing by Lisa Shumaker)

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