INSUBCONTINENT EXCLUSIVE:
Brazilian telecommunications giant Oi has inked a deal with Mileto Tecnologia for its pay-TV assets
equipment, and related rights
streamline operations and focus on fiber broadband
The company views this segment as key to its future growth
Oi has been actively divesting assets to reduce debt and improve its financial position since 2016.The sale will occur through an Isolated
Productive Unit (UPI), a common method for companies in judicial reorganization
This approach allows Oi to sell assets without the burden of existing liabilities
The pay-TV market in Brazil has been declining, with major players like Disney closing channels
Brazil continues to evolve rapidly
The company entered its second judicial reorganization in March 2023, just months after emerging from its first
This move aimed to address ongoing financial challenges and renegotiate debts.The potential sale of TV assets represents a significant
