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Bankruptcy filing by Brazil's Oi rattles global supply chain

Published Fri, Jun 24, 2016 · 09:50 PM
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Sao Paulo

BRAZIL'S biggest bankruptcy filing ever is sending shockwaves far beyond the recession-hit country's borders as operator Oi SA seeks creditor protection from global telecoms suppliers and export banks around the world.

Oi is seeking protection on over 500 million reais (S$203 million) of accounts payable to international providers from Nokia Corp and Ericsson to IBM Corp and Alcatel-Lucent SA, according to court documents reviewed by Reuters.

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