{"id":647220,"date":"2017-05-04T03:54:19","date_gmt":"2017-05-04T03:54:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/otmt-gives-oi-until-1-june-to-put-together-restructuring-plan\/"},"modified":"2017-05-04T03:54:19","modified_gmt":"2017-05-04T03:54:19","slug":"otmt-gives-oi-until-1-june-to-put-together-restructuring-plan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/otmt-gives-oi-until-1-june-to-put-together-restructuring-plan\/","title":{"rendered":"OTMT gives Oi until 1 June to put together restructuring plan"},"content":{"rendered":"

Orascom Telecom Media and Technology Holding (OTMT) and a group of bondholders have given Brazilian telecom company Oi \u201cuntil June 1 to put together a restructuring plan to help it exit bankruptcy protection,\u201d Reuters<\/a> reports. \u201cThis is the fourth extension granted Oi by Orascom, which offered in December an exchange of debt for shares and a capital injection of as much as [USD 1.25 bn] in the phone company\u2026 The Orascom-bondholder group has committed to underwriting the entire capital injection if no other investors step forward. The reorganization plan was due to expire on Monday but the ad hoc group of bondholders allied to Sawiris said it was revising the plan.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Orascom Telecom Media and Technology Holding (OTMT) and a group of bondholders have given Brazilian telecom company Oi \u201cuntil June 1 to put together a restructuring plan to help it exit bankruptcy protection,\u201d Reuters reports. \u201cThis is the fourth extension granted Oi by Orascom, which offered in December an exchange of debt for shares and […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[9290],"tags":[72,2369],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-647220","post","type-post","status-publish","format-standard","hentry","category-telecoms-ict","tag-enterpriseam","tag-telecoms-ict","wpautop","entry"],"acf":{"mongo_id":"7ca52f39-3d53-43c2-8b47-34ff00734308","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[647178],"teaser":"","voice_url":""},"yoast_head":"\nOTMT gives Oi until 1 June to put together restructuring plan - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/otmt-gives-oi-until-1-june-to-put-together-restructuring-plan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"OTMT gives Oi until 1 June to put together restructuring plan\" \/>\n<meta property=\"og:description\" content=\"Orascom Telecom Media and Technology Holding (OTMT) and a group of bondholders have given Brazilian telecom company Oi \u201cuntil June 1 to put together a restructuring plan to help it exit bankruptcy protection,\u201d Reuters reports. \u201cThis is the fourth extension granted Oi by Orascom, which offered in December an exchange of debt for shares and […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/otmt-gives-oi-until-1-june-to-put-together-restructuring-plan\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-05-04T03:54:19+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/otmt-gives-oi-until-1-june-to-put-together-restructuring-plan\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/otmt-gives-oi-until-1-june-to-put-together-restructuring-plan\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"OTMT gives Oi until 1 June to put together restructuring plan\",\"datePublished\":\"2017-05-04T03:54:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/otmt-gives-oi-until-1-june-to-put-together-restructuring-plan\/\"},\"wordCount\":119,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"EnterpriseAM\",\"Telecoms + ICT\"],\"articleSection\":[\"Telecoms + ICT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/otmt-gives-oi-until-1-june-to-put-together-restructuring-plan\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/05\/04\/otmt-gives-oi-until-1-june-to-put-together-restructuring-plan\/\",\"name\":\"OTMT gives Oi until 1 June to put together restructuring plan - 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Sawiris blamed \u201cinfighting and a lack of decision-making at the debt-laden Brazilian mobile carrier\u201d for the decision. OTMT had offered in December an exchange of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":635626,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/10\/is-otmt-looking-to-make-another-play-at-oi\/","url_meta":{"origin":647220,"position":1},"title":"Is OTMT looking to make another play at Oi?","author":"enterpriseam admin","date":"10 December 2017","format":false,"excerpt":"Is OTMT looking to make another play at Oi? Naguib Sawiris reportedly said he is again interested in embattled Brazilian telecom Oi \u2014 if Brazil\u2019s government \u201ctakes the right steps,\u201d according to Bloomberg. 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The state-owned landline monopoly signed\u2026","rel":"","context":"In "Telecoms + ICT"","block_context":{"text":"Telecoms + ICT","link":"https:\/\/enterpriseam.com\/egypt\/category\/telecoms-ict\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":634605,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/01\/18\/slcc-to-discuss-giza-plateau-development-plan-with-orascom-next-week\/","url_meta":{"origin":647220,"position":4},"title":"SLCC to discuss Giza Plateau development plan with Orascom next week","author":"enterpriseam admin","date":"18 January 2018","format":false,"excerpt":"The Sound and Light Cinema Company (SLCC) will meet next week with executives from Orascom Telecom Media and Technology Holding (OTMT) to discuss the details of the Giza Plateau development project now that it has received preliminary approval, Al Shorouk reports. 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