National Telecommunications Agency (Anatel) also commented on the case, ensuring that the essential services provided by Oi will be maintained, even with bankruptcy
The spoke this Monday (10) about the court decision that declared the bankruptcy of , stating that it will evaluate the impacts of the measure, but reinforcing the commitment to guarantee the continuity of telecommunications services. “The ministry clarifies that it is committed to ensuring the continuity of telecommunications services, even if they are taken over by another company,” he stated in a statement. The ministry also highlighted that it has closely monitored the operator’s judicial recovery process, which is taking place in Rio de Janeiro’s courts, and that it is paying attention to Oi’s compliance with its obligations.
Oi’s bankruptcy was decreed by judge Simone Gastesi Chevrand, from the 7th Business Court of Rio, after finding that the operator no longer had the resources to maintain its operations and reverse its financial situation. The decision was taken after the company itself, together with the intervener, recognized its insolvency last Friday (7). Oi, which was already facing a serious financial crisis and a long judicial recovery process, was unable to reorganize its finances and fulfill its obligations, which led to the bankruptcy decree.
A also commented on the case, ensuring that the essential services provided by Oi will be maintained, even with bankruptcy. The agency highlighted that the continuity of services is guaranteed “in a process of transition and orderly liquidation”, according to the court decision.
Among the services that should continue to operate are:
- Public telephones in around 7,500 locations;
- Tri-digit services for public bodies and emergencies;
- Interconnections with other networks and operators;
- Contracts with federal, state and municipal public entities, in addition to private sector clients.
Furthermore, the court decision opens up the possibility of selling Oi’s operation to another company that can continue the existing services and contracts definitively.
With bankruptcy declared, Oi’s transition and liquidation process enters a new phase, where the focus will be on ensuring that essential telecommunications services are not interrupted. The Ministry of Communications and Anatel continue to monitor the situation to ensure the continuity of services to consumers, as well as the regularization of operations in the sector.
Oi’s bankruptcy is an important milestone in the telecommunications scenario in Brazil, which may now see changes in market dynamics, with the possible sale of assets and the entry of new investors to ensure the continuity of services provided.
