SAO PAULO Dec 9 A group of creditors of
Brazil's struggling phone operator Oi, including
export credit insurers and banks, are in talks with the Sawiris
Group and bondholders represented by Moelis & Co for an
alternative restructuring plan.
According to a statement by consulting firms and law offices
representing the group of creditors who hold more than $1.6
billion of claims against Oi, the alternative restructuring plan
is expected to be presented by Sawiris to the Brazilian company
in the next two weeks.
(Reporting by Aluisio Alves and Marcelo Teixeira; Editing by