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2 results for “OIBR3”

Oi (OIBR3) Cash Plummets to R$19.6 Million, Judicial Manager Warns of August Operational Collapse
Tech• Jul 29

Oi (OIBR3) Cash Plummets to R$19.6 Million, Judicial Manager Warns of August Operational Collapse

Brazil's Oi S.A. faces an acute financial crisis after its cash reserves dropped to R$19.6 million, risking operations next month.

Rio Judge Blocks Emergency Sale of UPI Oi Soluções, Deepening Oi's Liquidity Crisis
Tech• Jul 29

Rio Judge Blocks Emergency Sale of UPI Oi Soluções, Deepening Oi's Liquidity Crisis

A Rio de Janeiro judge rejected Oi's request for an emergency sale of its UPI Oi Soluções unit below a 50% valuation threshold, preventing a critical cash injection for the deeply distressed Brazil telecom.