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    OIBR4   BROIBRACNPR8

OI S.A.

(OIBR4)
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Oi S A : Notice to the market - Merger of Telemar with and into Oi

05/03/2021 | 06:53pm EDT

Oi S.A. - In Judicial Reorganization

CNPJ/ME No. 76.535.764/0001-43

NIRE 33.3.0029520-8

Publicly-Held Company

NOTICE TO THE MARKET

Merger of Telemar with and into Oi

Oi S.A. - In Judicial Reorganization ("Oi" or the "Company") informs its shareholders and the market in general that the Act No. 2,875/2021 of the Brazilian National Telecommunications Agency (Agência Nacional de Telecomunicações, or "Anatel"), by which the licenses held by Oi's wholly- owned subsidiary Telemar Norte Leste S.A. - In Judicial Reorganization for the provision of public and private land switched telephone service ("STFC"), in all its modalities, and multimedia communication service ("SCM"), including the associated radio frequency rights-of-use authorizations, were transferred to the Company, was published in the Official Gazette of the Federal Executive on this date.

As a result of such transfer of licenses, the merger of Telemar with and into Oi was implemented and became effective on this date, pursuant to the terms approved in the Company's Extraordinary General Meeting held on second call on April 30, 2021, and in line with the Consolidated Judicial Reorganization Plan of Oi and its subsidiaries in judicial reorganization (respectively, the "Plan" and the "Recovering Entities").

The merger constitutes one of the stages of the corporate and equity restructuring process of the Recovering Entities expressly contemplated in the Plan, and its objective is to optimize operations and improve the results of the Recovering Entities and Oi's other direct and indirect subsidiaries.

The Company will keep its shareholders and the market informed of any other material development regarding the implementation of the Plan.

Rio de Janeiro, May 3, 2021.

Oi S.A. - In Judicial Reorganization

Camille Loyo Faria

Chief Financial Officer and Investor Relations Officer

Disclaimer

Oi SA em Recuperação Judicial published this content on 03 May 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 03 May 2021 22:52:06 UTC.


© Publicnow 2021
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Sales 2021 18 541 M 3 517 M 3 517 M
Net income 2021 -6 945 M -1 317 M -1 317 M
Net Debt 2021 28 730 M 5 450 M 5 450 M
P/E ratio 2021 -1,67x
Yield 2021 -
Capitalization 5 942 M 1 131 M 1 127 M
EV / Sales 2021 1,87x
EV / Sales 2022 2,07x
Nbr of Employees 13 305
Free-Float 85,0%
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Rodrigo Modesto de Abreu Chief Executive Officer
Camille Loyo Faria Chief Financial Officer
Eleazar de Carvalho Filho Chairman
José Cláudio Moreira Gonçalves Chief Operating & Technology Officer
Renata Bertele Chief Compliance & Risk Officer
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