Oi SA has unveiled a plan that facilitates the early repayment of small debts to suppliers and contractors, as Brazil's No. 4 wireless carrier seeks to emerge faster from creditor protection, Reuters reported yesterday. The plan was made public in newspaper ads on Friday. Under its terms, all creditors will be eligible for an early repayment of their debts to a maximum limit of 50,000 reais ($15,000) each. According to Chief Executive Officer Marco Schroeder, the plan seeks Oi's so-called Classes 1, 3 and 4 of creditors to negotiate ahead of a vote on the carrier's bankruptcy plan. About 53,000 out of Oi's 55,000 creditors can be considered as small creditors, he said.
