Telecom Oi's Life Line Severed

Economic crises are like tornadoes; they destroy nearly everything in their wake.

However, in most cases, the largest number of victims are small and medium businesses. These businesses suffer from increases in prices, scared consumers and predatory competitors.

In the case of telecom giant Oi, its size wasn't enough protection against the economic crisis crippling Brazil. On June 20, the company filed bankruptcy. To make things worse for the company, Brazil's intern government does not have plans for bailing out the company and its $19 billion in debt.


To read more visit The Economist Oi Latest Victim of Crisis