Brazil's Oi, BNDES sign debt standstill agreement -newspaper

June 20, 2016 12:08 PM

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BRASILIA, June 20 Brazil's telecom carrier Oi SA signed a debt standstill agreement for 180 days with state-owned development bank BNDES, the newspaper Valor Economico said on Monday.

The size of Oi's debt to BNDES was unclear, according to the newspaper. It added that, overall, the company owed about 10 billion reais to development banks.

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