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Brazil's Oi says bankruptcy protection recognized in England, Wales

Reuters - UK Focus

RIO DE JANEIRO, June 23 (Reuters) - Brazilian telecoms provider Oi SA (Sao Paolo: R2:OIBR3S.SA - news) said on Thursday its request for bankruptcy protection has been recognized by courts in England and Wales.

Brazil's largest fixed-line phone carrier and No.4 mobile operator, along with six subsidiaries, on Monday filed for protection from creditors on 65.4 billion reais ($19.3 billion) of bonds, bank debt and operating liabilities. (Reporting by Stephen Eisenhammer; Editing by Sandra Maler)