News Summary:
The Malbec Submarine Cable System, a project by V.tal, reached shore in southern Brazil on August 11, 2026, marking a complex phase of its deployment where the cable was guided to the beach using flotation buoys after being transported by a specialized vessel. Previously, on June 12, 2026, V.tal partnered with Motiva to progressively roll out 4G and 5G internet service in the tunnels and stations of Sao Paulo subway's yellow Line 4 starting in July, with five stations, including Vila Sonia-Prof., expected to be equipped by the end of the year. On May 25, 2026, V.tal formally registered to participate in the auction for Oi Solucoes, the corporate connectivity and IT division of Brazilian operator Oi, joining established telecom players TIM, Vivo, Claro, and Sercomtel. This followed an earlier authorization by Rio de Janeiro courts for V.tal and four operators to access the data room for Oi Soluções' sale process. On the same day, V.tal reported a net loss of BRL 524 million for the first quarter of 2026, a decline from a BRL 38 million net profit in the same period last year. Net revenue dropped to BRL 1.5 billion from BRL 1.8 billion, and EBITDA fell to BRL 0.3 million from BRL 0.9 million, resulting in an EBITDA margin decrease from 48 percent to 20 percent, while Capex remained stable at BRL 0.4 million.
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