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5 clusters · 17 sources · 29 days · First seen · Last updated

Categories: BUSINESS

Oi restructuring asset sales

Entities: Judge Simone Gastesi Chevrand · Method Telecomunicações · Oi S.A. · 7ª Vara Empresarial da Justiça do Rio de Janeiro

Overview

In late June 2026 a Rio de Janeiro court blocked Oi’s planned sale of its 27 % stake in V.tal, saying the R$4.5 bn price fell far short of the R$12 bn floor set by its judicial recovery plan. The injunction delayed Oi’s effort to raise funds for its recovery.

In mid‑July 2026 Oi announced the sale of its isolated productive unit Oi Serviços Telefônicos to Método Telecom for about R$60 million. The contract, signed on 13 July, set installment payments with a first tranche due within a week and the balance payable within 90 days after documentation transition. The assets, serving roughly 7,400 locations, must stay operational until December 2028 and the deal awaits clearance by Anatel and Cade.

On 24 July 2026 the 7th Business Court ordered Método Telecom to deposit the full R$60.1 million purchase price immediately, applying a 50 % penalty for delayed payment and rejecting the request to postpone payment pending regulatory approvals. Oi, which reports limited cash reserves, also sought court approval to lay off employees without severance.

A further ruling on 27 July 2026 reinforced the payment mandate, ending the installment plan and warning that Oi’s operations could cease by 10 August without the funds. The judge also denied Oi’s request to continue selling remaining assets, directing that all revenue from Oi’s public‑service contracts be earmarked exclusively for paying the suppliers that keep essential services running.

Timeline

  1. 10 days ago

    [BUSINESS] 3 sources
    Brazil's Oi blocked from further asset sales as court orders funds for essential services

    Brazilian court orders Method Telecom to pay Oi R$60 m for fixed‑line assets and blocks further Oi asset sales, directing essential‑service revenues to suppliers.

  2. 13 days ago

    [BUSINESS] 2 sources
    Brazil court orders Method Telecom to pay 60.1 million reais for Oi fixed‑line unit

    Rio de Janeiro court orders Method Telecom to deposit 60.1 million reais for Oi's fixed‑line assets, with a 50 % penalty for non‑payment.

  3. 24 days ago

    [BUSINESS] 2 sources
    Oi sells telephone services unit to Metodo Telecom for R$60.1 million

    Oi, in judicial recovery, agreed to sell its telephone services unit to Metodo Telecom for R$60.1 million, pending regulatory approval, to improve cash flow and avoid a service halt.

  4. 26 days ago

    [BUSINESS] 2 sources
    Oi sells telephone services unit to Método Telecomunicações for R$60 million

    Oi, under judicial recovery, agreed to sell its telephone services unit to Método Telecomunicações for R$60.1 million, pending Cade and Anatel approval.

  5. about 1 month ago

    [BUSINESS] 11 sources
    Brazil court suspends Oi's R$4.5 bn sale of V.tal stake

    Brazil's Rio court halted Oi's R$4.5 bn sale of its V.tal fiber stake, citing a price far below the R$12 bn minimum set in the company's recovery plan, raising creditor disputes and delaying Oi's restructuring.

Sources

brasildefators.com.br · brasilemfolhas.com · conteudos.cnnbrasil.com.br · convergenciadigital.com.br · eco.sapo.pt · economia.estadao.com.br · g37.com.br · guiadoinvestidor.com.br · indigo-blau.de · moneytimes.com.br · pipelinevalor.globo.com · pratiques.fr · spacemoney.com.br · telesintese.com.br · ubirataonline.com.br · valor.globo.com · veja.abril.com.br