15 September 2018
Shareholders in Oi, Brazil’s largest fixed-line telecoms operator, meet today to discuss a new capital injection, the Economist reported. In 2016 the company filed for bankruptcy amid Brazil’s worst-ever recession, saddled with BRL 65bn (US$ 16bn) of debt.
It was Latin America’s largest corporate default. After months of delays resulting from Brazil’s byzantine bankruptcy laws, a rescue plan was approved by a court in January. In exchange for 75% of the company’s equity, creditors agreed to inject BRL 4bn in new capital to upgrade the firm’s mobile and broadband services, which lag behind its competitors’.
More from Latin America
15 December 2017
In Latin America, the Twitter news market is in the hands of the big nations such as Mexico and Brazil. When it comes to truly effective news operations, though, smaller markets like Uruguay lead the pack. One nation though scores big in both size and effectiveness; and that is Colombia.
By Primavera Tellez Giron G.
9 January 2017
Today, we released the Facebook Index Latin America, which ranks news media platforms from Latin America based on the number of Facebook followers compared to the size of their market.
By Marius Dragomir
5 June 2016
The news media industry has been faced with a profound crisis for more than a decade now, and peoples' dwindling trust in journalists has much to do with it.
By Jimena Zuluaga
2 December 2015
Millennials, as today’s youth are known, are the dominant audience of Latin America. They increasingly consume media on mobile devices. These two trends are telling for where Latin American media will be in a decade or so.