Brazil’s Oi rolls out high-speed broadband in 21 cities

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  • Friday, 07 Sep 2018

The logo of Brazilian telecoms company Oi SA is pictured inside a store in Sao Paulo, Brazil July 18, 2018. REUTERS/Paulo Whitaker

SAO PAULO: Oi SA, Brazil's largest fixed-line telecommunications firm, has initiated high-speed broadband service in 21 cities throughout the nation, it said late Wednesday, as it deploys fresh capital following a debt-for-equity conversion.

Oi, which approved a plan to emerge from bankruptcy protection in December, has received new capital from former creditors and is set for another capital injection in the coming months.

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