Oi CEO resignation does not raise Brazil intervention risk -gov't source

Pharol SGPS SA

24/11/2017 20:05

BRASILIA, Nov 24 (Reuters) - The resignation of the chief 
executive of Brazilian telecoms company Oi SA  OIBR4.SA  caught 
the government by surprise, but it does not make government 
intervention more likely, a government source said. 
    The source, who requested anonymity due to the sensitivity 
of the issue, said that talks to bring the debt-laden carrier 
out of bankruptcy protection will continue under new management. 
    Earlier on Friday, a key shareholder in Oi told Reuters it 
had been notified that CEO Marco Schroeder had resigned. The 
Brazilian government holds billions of dollars in Oi debt 
through state banks and regulatory fines.  urn:newsml:reuters.com:*:nE6N1L0026 
 
 (Reporting by Leonardo Goy; Writing by Gram Slattery 
Editing by Chizu Nomiyama) 
 ((gram.slattery@thomsonreuters.com;)(+55 11 5644 7714)) 
 
Keywords: OI SA RESTRUCTURING/