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The president of Oi admits the increase of pressure to intervene the operator

The president of the telephone OI, Marco Schroeder, admitted today that the pressure to intervene the operator has grown due to the lack of agreement in the negotiations on the renegotiation of the debt, after having accepted last year to the law of bankruptcies.

Sao Paulo, Oct 3 (EFE) .- The president of the telephone OI, Marco Schroeder, admitted today that the pressure to intervene the operator has grown due to the lack of agreement in the

Brazil's telecoms regulator Anatel, Oi's largest individual creditor, has addressed on several occasions the possibility of intervening the telephone due to the impassion of shareholders and creditors.

"If Anatel perceives that there is no agreement, the tendency is to act to ensure the continuity of operations, but we have not yet reached that moment, "Schroeder said in remarks gathered by local media.

With a debt of around of 65 billion reais (about 19,120 million dollars), Oi requested last year the so-called judicial recovery, as in Brazil is known bankruptcy law, although so far has not been able to approve the restructuring plan.

Oi's judicial reorganization, the largest anti-bank protection case in Brazil to date, has been marked by a series of disputes between creditors and shareholders regarding the destination of the operator.

Due to the lack of agreement, the meeting of creditors in which the recovery plan will be voted was postponed for Oct. 23.

"There was no agreement with the creditors and it was deemed advisable to continue negotiating. Schroeder.

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