The Ministry of Communications says it will evaluate the decision that declared Oi bankrupt Companies

“The Ministry of Communications states that it will evaluate the court’s decision and its implications. Basta states that it is committed to ensuring the continuity of telecommunications services even if they are acquired by another company. Basta has closely followed the entire progress of the service.” Judicial recovery He informed that “the matter is pending before the courts of Rio de Janeiro and the fulfillment of the obligations undertaken by the company.”

The company’s activities will continue temporarily, and will be managed by the judicial director. According to the company’s decision Keep workingHis representative, Bruno Rezende, will remain in the position of Judicial Director of the company, in addition to temporarily accumulating the position of Judicial Director.

The judge also decided that the proceeds of all asset sales that took place during the second judicial recovery period were not available.

Among the reasons that led to the declaration of bankruptcy, the judge highlighted the non-compliance with the judicial recovery plan approved by the creditors and judicially approved in 2024, in addition to the accumulation of debts outside the bankruptcy, that is, outside the recovery process. According to her, the non-compliance began this year.