SAO PAULO : Brazilian telecom firm Oi SA said late Friday it decided to postpone the release of its 2022 financial statements to May 22, after an expected presentation of its judicial reorganization plan.The company, which entered into a second bankruptcy protection in March just months after it emerged f
SAO PAULO : Brazilian telecom firm Oi SA said late Friday it decided to postpone the release of its 2022 financial statements to May 22, after an expected presentation of its judicial reorganization plan.
The company, which entered into a second bankruptcy protection in March just months after it emerged from similar proceedings, said the delay was mainly due to ongoing negotiations with a group of its financial creditors. Oi, however, release preliminary figures showing that it had consolidated net revenue of 2.62 billion reais in the fourth-quarter of last year.
Its routine earnings before interest, taxes, depreciation and amortization for Brazilian operations in the period came in at 320 million reais.In a separate securities filing, the telecom operator said it entered into a note purchase agreement with some financial creditors to establish terms and conditions for a court-approved debtor in possession financing of $275 million.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fast-fashion giant Shein to invest nearly $150 million in local production in BrazilSAO PAULO :Chinese online fast-fashion retailer Shein said on Thursday it will invest 750 million reais ($148.9 million) in Brazil in coming years to establish a network with thousands of textile manufacturers in the country.The company, which also announced a marketplace for products and sellers in Brazil, s
Read more »
Alphabet CEO Pichai reaps over $200 million in 2022 amid cost-cuttingAlphabet Inc Chief Executive Sundar Pichai received total compensation of about $226 million in 2022, more than 800 times the median employee's pay, the company said in a securities filing on Friday.Pichai's compensation included stock awards of about $218 million, the filing showed.The pay dispar
Read more »
Alphabet CEO Pichai reaps over US$200 million in 2022 amid cost-cuttingAlphabet CEO Sundar Pichai received total compensation of about US$226 million in 2022, more than 800 times the median employee's pay, the company said in a securities filing on Friday (Apr 21). Pichai's compensation included stock awards of about US$218 million, the filing showed. The pay dispar
Read more »
Alphabet CEO Sundar Pichai reaps over $300 million in 2022 amid cost-cuttingAlphabet Inc Chief Executive Sundar Pichai received total compensation of about USD$226 million (S$301 million) in 2022, more than 800 times the median employee's pay, the company said in a securities filing on Friday (April 21). Pichai's compensation included stock awards of about $218 million, the filing showed. The pay disparity comes at a time when Alphabet, the parent company...
Read more »
Brazil plans 'digital tax' on shipments from e-commerce giants -ministerSAO PAULO/BRASILIA :Brazil's finance minister said on Thursday the country would implement a 'digital tax' on shipments from e-commerce giants, after backtracking earlier this week from a decision to tax individual-to-individual shipments of up to $50.'We will follow the example of developed nations, a digita
Read more »
Brazil mulls 'digital tax' on shipments from e-commerce giants -ministerSAO PAULO : Brazil's finance minister said on Thursday the country would implement a new 'digital tax' on shipments from e-commerce giants, after backtracking earlier this week from a decision to tax individual-to-individual shipments of up to $50.'We will follow the example of developed nations, a digita
Read more »