Table of Contents 64q43
The novel is over. After months of negotiations – and a lot of bureaucracy –, the istrative Council for Economic Defense (Cade) gave the green light to the sale of Oi Mobile for the consortium formed by Clear, TIM e Living. At the time, three directors voted against the operation and another three, including the president of the antitrust body, were in favor of the sale. 1n2h2a
With the purchase, customers of Oi that use cellular services will have a new mobile operator. Currently, the Oi has 42 millions of customers, of which 3,2 million are corporate s and 38,8 million are individuals. If you are a customer of Oi Mobile and you still don't know what your new home will be, check out below how the division turned out across the national territory — and also why the company was sold.
the origin of hi 3w3147
The history of Oi begins in 1998, with the privatization of telebras. At the time, the spin-off of the former operator gave rise to the holding called Tele Norte Leste Participações, which in the future would be called telemar. With an investment of more than $ 3 billion made through a consortium, Telemar housed a total of 16 companies. To finance all this, the newly founded company also relied on investments from the National Bank for Economic Development, BNDES.
Over time, the consortium began to acquire other companies in the telecommunications sector, in order to increase its market share. With the arrival and popularization of mobile telephony in the early 2000s, the company began to invest in this area from 2002, when the brand Oi.
Five years later, in 2007, the brand telemar was extinguished and all the company's businesses started to work behind the brand Oi. Over time, the Oi received a series of investments, including a good amount coming from the State. In that sense, the BNDES, Bank of Brazil and Savings Bank made contributions to the group's shares in 2008.
With an enormous desire to continue growing in the Brazilian market, the consortium continued to buy several other companies. The problem was that some of these companies were not performing well and were deep in debt. One of the examples was the purchase of Pegasus, a data service provider that was acquired for R$ 335 million by Oi. However, a debt of R$339 million was also assumed after the deal was concluded.
One of the biggest deals in the history of Oi happened in 2013, when it was announced its merger with Portugal Telecom. The objective was to create a multinational telecommunications company. However, things did not go as planned and the effects of this negotiation were disastrous for Oi's financial health. The profit expected from the negotiation never reached the company's cashiers and, from then on, the Brazilian company went through increasingly difficult times.
The largest judicial recovery in the country's history 5d2367
Many of the acquisitions made by Oi turned out to be a failure for the company. Among the investments made by the company there were companies with high debts and poor results, which ended up resulting in a debt that increased year after year. Such misguided decisions ended up jeopardizing the financial health of the institution. Finally, the company ended up incurring debts with Anatel, due to fines for customer complaints and poor service provision.
In September 2016, with a debt of R$65 billion, the Oi had its judicial recovery plan approved, the largest ever seen in Brazil to date. At the meeting, it was defined that the company would be divided into four parts: towers, mobile assets, data center and fiber optics. The purpose of judicial reorganization was to enable the company to continue to provide services while renegotiating its debts. That way, the business would remain active and customers would not suffer losses.
Sale of Oi Móvel 4y2q58
At the end of 2020, the Oi sold its mobile telephony operation, a measure that was included in the judicial recovery plan. The purchase was made by a consortium that brought together the Claro, Tim and Telefonica (Live). The value of the deal was $ 16,5 billion.
The last chapter of this telenovela happened yesterday (9), when the istrative Council for Economic Defense (Cade) approved the purchase by the three companies. The act of concentration Oi Mobile had three votes against and three in favour. As a result, the vote of the President of the Cade, Alexandre Cordeiro, who broke the tie and approved the deal.
The division of the 42 million customers will be bigger for the TIM, which will receive 14,5 million – and will total 56,5 million in the country. already the Claro will have 11,7 million, which will add up to 82,2 million s. Lastly, the Vivo (Telefônica) will have another 10,5 million, to reach the mark of 94,4 million subscribers.
customer division 1y3g3j
The division of customers among the operators will take place according to the area code of telephone lines, and the TIM will assume most codes, with 29 in total. Among the main customers are the cities of São Paulo (11) and Rio de Janeiro (21). Check out the complete list:
- TIM (29 Area Codes): 11, 16, 19, 21, 22, 24, 32, 51, 53, 54, 55, 61, 62, 63, 64, 65, 66, 67, 68, 69, 73, 75, 89, 93, 94, 95, 96, 98 and 99;
- Claro (27 area codes): 13, 14, 15, 17, 18, 27, 28, 31, 33, 34, 35, 37, 38, 43, 44, 45, 46, 47, 48, 49, 71, 74, 77, 79, 87, 91 and 92;
- Vivo (11 area codes): 12, 41, 42, 81, 82, 83, 84, 85, 86, 88 and 98.
Expectations for the future s5l20
With the conclusion of the sale of its mobile sector, the expectation is that the Oi start gaining some breath to restructure your debt. According to the analyst Nord Research, Fabiano Vaz, the sale will be able to increase the company's possibilities. “Not that this sale will solve all the problems of the Oi, as it will continue to be highly leveraged. But it will have a healthier capital structure to focus more on fiber expansion”, says the analyst.
The specialist also notes the low market value of the company today, especially compared to other assets. “It makes no sense to Oi today worth less than R$5 billion and its former subsidiary, the Infrastructure (sold in 2021), worth R$ 8 billion”, he points out.
See also: 1ur5x
Last year, the Brazil gained a new mobile operator. Winity II Telecom won the 5G and should debut soon in the national territory.
