Oi

News Summary:

Bankrupt Brazilian telecoms company Oi agreed on July 14, 2026, to sell its fixed-line services unit, known as Isolated Production Unit (UPI) Telephone Services, to Método Telecomunicações for R$60.1 million (US$11.7m). This agreement followed Oi's formal execution on July 10, 2026, of a Purchase and Sale Agreement with Método Telecomunicações e Comércio Ltda. for the UPI Telephone Services, building on earlier disclosures from March and April 2026. Previously, on June 27, 2026, Pharol announced its acquisition of a 19.55% stake in Novobanco and Oi through Tavrion PT04, signaling a strategic realignment in Portugal’s financial and telecom sectors. This followed news from May 25, 2026, that BTG Pactual-backed fibre and data centre operator V.tal joined TIM, Vivo, Claro, and Sercomtel in formally registering to participate in the auction for Oi Solucoes, Oi's corporate connectivity and IT division. Earlier, on May 22, 2026, Oi reported a mixed performance in its Q1 2026 earnings, with revenue increasing 4.4% year-over-year to BRL 6.4 billion driven by growth in mobile and fixed broadband services. However, the company’s EBITDA declined 12.1% to BRL 2.3 billion due to higher operating expenses and lower margins in the fixed segment, with management highlighting plans to invest in its 5G network and digital transformation while improving operational efficiency.