Creditors and Net Serviços are keeping the MSO?s debt restructuring process under the tightest secrecy but two different industry sources have told PAY-TV News that a counter-proposal is in the pipeline. That means the final round of talks is probably imminent.
According to our sources the creditors are mainly concerned to find a ?common denominator? for the various debt instruments involved in the restructuring process.
Globopar presents a more complex problem. Some observers believe the holding company?s creditors are even more divided because of the large number of debenture holders. Punters think a solution for Net Serviços could take about two months to conclude. Nothing similar can be heard with regard to Globo.