‘No Chance’ Brazil Government Waives Oi Debt, Minister Says
- Government can’t let go of public assets, minister Kassab says
- Kassab says AT&T-Time Warner deal unlikely to face problems
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Brazil’s government can’t waive Oi SA’s debt with a local regulator and state-run banks, the communications minister said, denying the phone carrier a lifeline that would have helped it pull out of the biggest bankruptcy in the country’s history.
“The government can’t let go of resources, they are public resources, debt with the public administration," Science and Technology Minister Gilberto Kassab said Sunday in an interview in Barcelona, Spain. The debt with the regulator is Oi’s main problem with the government, said Kassab, who also oversees communications.