Those settlements involved claims of as much of 50,000 reais ($15,000). To accomplish this feat, the company built a website and held a marketing campaign to instruct debt holders on how to register and qualify for payment. The company owes money to the government but also operates the nation’s largest fiber-optic network, with 330,000 kilometers (205,000 miles) of lines. Lawyers, creditors and other interested parties in Sao Paulo and Brasilia were packing and getting ready to board flights to Rio for the meeting. After 18 months of theatrics, a dramatic conclusion may be in store.

Source: The Star December 19, 2017 03:45 UTC