A court in Rio de Janeiro has declared Oi bankrupt, ending decades of operation for the former telecommunications giant. Some services will remain operational provisionally to guarantee essential public and private contracts.
The Rio de Janeiro court decreed this Monday (10) the bankruptcy of the Oi Group, one of the oldest and most emblematic operators in the country. The decision, signed by the judge Simone Gastesi ChevrandThe decision by the 7th Business Court of the Capital District marks the end of a turbulent trajectory of attempts at judicial reorganization and a past in which the company became a symbol of the “national champions” project in the telecommunications sector.
According to the judge, the…