- Business
- Oi S.A. Oi S.A. is a Brazilian telecommunications company providing integrated digital solutions primarily to the corporate market through its core unit Oi Soluções; offers convergent broadband services, pay TV, local and long-distance voice transmission, fiber optics, security, IoT, big data, connectivity, fixed and Wi-Fi internet, cloud computing, network services, call center and telemarketing, and IT solutions via a robust partner ecosystem; operates subsidiaries Serede for field services, Tahto for call center operations, and Oi Services for BPO; serves over 40,000 public and private companies across various sectors in Brazil with average annual revenue of R$2 billion. Founded in 1998 through the privatization of the Telebrás System and headquartered in Rio de Janeiro, the company maintains nationwide operations in Brazil following the divestment of international assets and legacy consumer services. In recent major changes, Oi completed the judicial reorganization plan approval in April 2024 and its ratification in May 2024, enabling debt restructuring with a 70% reduction in financial debt, capital increase via creditor claim conversions, and a shift from public concession to private authorization regime; sold its UPI ClientCo fiber-optic unit to V.tal in a R$5.7 billion transaction finalized on March 5, 2025, involving share issuance, debt forgiveness, and debenture transfers while retaining a 27.5% stake in V.tal; divested mobile assets in 2022, towers and data centers in 2021, and plans V.tal stake sale in 2026; however, on November 10, 2025, the 7th Business Court of Rio de Janeiro converted its judicial reorganization into bankruptcy liquidation after a decade of struggles and two failed restructurings.