OIBR.C Oi SA

RIO DE JANEIRO, Sept. 21, 2015 /PRNewswire/ -- Oi S.A. ("Oi" or the "Company"), (Bovespa: OIBR3, OIBR4; NYSE: OIBR and OIBR.C) informs there is no discussion in progress about the restructuring of its debt and that it has not hired any banks to assist it in this subject.

NM Rothschild & Sons (Brasil) Ltda. has been hired to carry out an assessment work for the optimization of the use of the resources derived from the sale of PT Portugal SGPS S.A., with the purpose of extending the maturities and improving the Company's debt profile.

Flavio Nicolay Guimaraes
Chief Financial Officer and Investor Relations Officer
Oi S.A.

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SOURCE Oi S.A.