Oi SA (ADR) (NYSE: OIBR) has secured a loan of BRL5.4 billion (USD2.65 billion) from the country’s development bank BNDES. The funding will be used to help Oi fulfil its investment plans until 2014, including the rollout of 4G Long Term Evolution (LTE) technology.
Oi SA, formerly Brasil Telecom SA, is a Brazil-based holding company engaged in the telecommunication sector. The Company is primarily involved in the provision of fixed telephony services in Brazilian states of Acre, Rondonia, Mato Grosso, Mato Grosso do Sul, Tocantins, Goias, Parana, Santa Catarina and Rio Grande do Sul. Additionally, it offers a range of integrated telecommunication services, including mobile telecommunication services, data transmission and Internet service provider (ISP) services, among others.
Office Depot Inc. (NYSE: ODP) last week announced the relocation of a store in Orland Park with a new concept created to encourage customers to interact more with products.
Office Depot, Inc. (Office Depot) is a global supplier of office products and services. The Company operates in three business segments: North American Retail Division, North American Business Solutions Division and International Division. The Company’s North American Retail Division sells a range of merchandise through its chain of office supply stores throughout the United States. Its North American Business Solutions Division sells nationally branded and its own brand office supplies, technology products, furniture and services.
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