- Brazil telecom Oi (OIBR) says Societe Mondiale -- currently pressing for board changes -- has altered its proposed plan for the board.
- Société, controlled by Nelson Tanure, has replaced its candidate João Pinho de Mello for Durval José Soledade Santos, and added William Steers as a new candidate.
- Tanure and his firm have been pressing an activist case to dump Oi boardmembers tied to Pharol, Oi's controlling shareholder, as Oi works through Brazil's biggest-ever bankruptcy.
- A Sept. 8 shareholder meeting will take up Société's proposal.