Showing posts with label Oi. Show all posts
Showing posts with label Oi. Show all posts

Thursday, January 4, 2018

Brazil's Oi advances its bankruptcy restructuring plan

Oi, the largest telecommunications company in Brazil and South America, announced a major advancement in its bankruptcy restructuring, as creditors voted to approve a plan that reduces debt by approximately 65 billion reais (US$20 billion). The restructuring is believed to be the largest in Latin America to date.

The restructuring paves the way for a possible investment of acquisition by China Mobile, although no official confirmation has been forthcoming from the companies.


China Mobile looks to buy Oi Brasil

China Mobile is negotiating to acquire the mobile division of Oi, the largest telecommunications company in Brazil and South America, according to report in The China Daily.


The deal has not been finalized. China Mobile might have to pay US$3.5 billion in fines owed by Oi to the Brazilian telecoms authority, known as Agencia Nacional de Telecomunicacoes, or Anatel.

If it goes through, the deal would be historic on several fronts. None of the Chinese telecommunications carriers have acquired other carriers in other countries. China Mobile, which is already the world's largest mobile operator, would add nearly 41 million mobile subscribers in Brazil.

Oi, which was once known as Telemar, was formed through the merger of 16 state-owned incumbent local exchange carriers. The company was re-branded as "Oi" in 2007. In June 2016, Oi filed for bankruptcy protection, citing US$19 billion (R$65 billion) in debt. The case is still pending in the Brazilian courts.



Monday, September 25, 2017

China Mobile looks to buy Oi Brasil

China Mobile is negotiating to acquire the mobile division of Oi, the largest telecommunications company in Brazil and South America, according to report in The China Daily.


The deal has not been finalized. China Mobile might have to pay US$3.5 billion in fines owed by Oi to the Brazilian telecoms authority, known as Agencia Nacional de Telecomunicacoes, or Anatel.

If it goes through, the deal would be historic on several fronts. None of the Chinese telecommunications carriers have acquired other carriers in other countries. China Mobile, which is already the world's largest mobile operator, would add nearly 41 million mobile subscribers in Brazil.

Oi, which was once known as Telemar, was formed through the merger of 16 state-owned incumbent local exchange carriers. The company was re-branded as "Oi" in 2007. In June 2016, Oi filed for bankruptcy protection, citing US$19 billion (R$65 billion) in debt. The case is still pending in the Brazilian courts.

Monday, July 15, 2013

Oi Sells Undersea Cable System and Thousands of Towers to Raise Cash

Brazil's Oi will sell its GlobeNet undersea cable division to BTG Pactual YS Empreendimentos e ParticipaƧƵes S.A, an investor group, for R$1.745 billion (US$772 million).  The deal includes the 22,500 undersea cable system linking the United States, Bermuda, Colombia, Venezuela and Brazil, as well as local subsidiaries located in those countries.

Oi also agreed to sell 2,113 telecommunications towers belonging to its subsidiary Telemar Norte Leste S.A. to SBA Torres Brasil Ltda. for R$686 million (US$305 million).

Oi said the sales will put it in a better financial position while ensuring continuity services at lower cost.


  • GlobeNet, a wholly owned subsidiary of Oi (formerly Brasil Telecom), recently completed construction on its new high capacity subsea cable system (Segment 5), which connects Bermuda to New Jersey.  The new subsea cable system has a total design capacity of 30 Tbps.  It is designed to support 150 wavelengths per fiber-pair at 100 Gbps per wavelength.  The Segment 5 system includes the use of TE SubCom Submarine Line Terminating Equipment (SLTE), which allows transmission of multiple high-quality, high-bandwidth optical signals over ultra-long distances.