Oi SA presents investment plan, but no increase in funding in the pipeline

The Wall Street Journal reports that Brazilian carrier Oi SA has presented its investment plan to the regulator Anatel in order to lift the suspension of sales of new mobile phones in some states, but that it is not planning on increasing its planned CAPEX over the next four years. At the start of last week the watchdog imposed a ban on the sale of new mobile plans in certain states by Oi SA, TIM Participacoes (TIM Brasil) and Telecom Americas (Claro) amid a raft of complaints from consumers over poor service quality. Anatel has given each cellco 30 days to present their investment proposals to redress the issue, and has warned them they will be fined up to BRL200,000 (USD98,000) per state, for each day they overrun the deadline

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OVETEL Oi SA presents investment plan, but no increase in funding in the pipeline