Struggling Brazilian telco Oi, currently in the local version of Chapter 11 bankruptcy protection, is pushing a pre-payment scheme for its pay-TV bouquet.

Would-be subscribers can buy the top-up cards at Oi’s shops and sales points for their cellular phones.

Oi is offering 15-day and full month options.

On June 29^th a Brazilian court approved the bankruptcy protection order. Oi now has 60 days to present a recovery plan for its creditors. The Oi bankruptcy is the largest-ever in Brazilian history.

Oi has declared debts of some $20.2 billion (65.4 billion Reais) of which about 50 billion is owed to international bondholders and banks.

Oi’s CEO Marco Schroeder said talks with banks and bondholders will begin this week.

Other posts by :

1. TerreStar wants to build LEO network
2. Musk: “No Starlink phone”
3. Russia accused of eavesdropping on satellites
4. FCC welcomes Musk’s 1m satellite plan
5. Telesat has problems with an LEO
6. Orbital debris a real danger 
7. India boosts space budget
8. Blue Origin drops passenger flights
9. Bank: “Charter racing to the bottom”

Categories: Articles, Business, Pay TV