Oi subsidiary Tahto creditors approve judicial recovery plan

Creditors of Tahto, a wholly-owned subsidiary of Brazilian telecom Oi, approved its judicial recovery plan and amendment, which will now go to the 7th Business Court of Rio de Janeiro for approval. The plan aims to ensure Tahto's operational viability and sustainability, addressing its economic and financial difficulties. This is a step in Tahto's restructuring, but court approval and execution remain uncertain.