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Brazil's Oi submits restructuring proposal to court

BRASILIA/RIO DE JANEIRO (Reuters) – Brazilian phone carrier Oi SA on Wednesday submitted a plan to cut its 65.4 billion-real ($ 21 billion) debt burden to a commercial court. The plan was approved by the company’s board, and creditors of the largest-ever bankruptcy proceeding in Latin America will vote on it on Oct. 23. The […]

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