Oi S A : Notice to the Market - Response to the CVM/B3 Official Letter (168 Kb)
January 28, 2020 at 10:25 pm
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Rio de Janeiro, January 28, 2020.
B3 S.A. - Brasil, Bolsa, Balcão
Ms. Ana Lucia da Costa Pereira
Superintendence of Issuers Listings and Monitoring (Superintendência de Listagem e Supervisão de Emissores)
c.c.: Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários -
CVM)
Mr. Fernando Soares Vieira - Superintendence of Corporate Relations (Superintendência de Relações com Empresas)
Mr. Francisco José Bastos Santos - Superintendence of Market and Agent Relations (Superintendência de Relações com o Mercado e Intermediários)
Re.: Official Letter B3 70/2020-SLS
Request for clarifications about news article published in the press
Dear Sirs,
In compliance with the Official Letter B3 70/2020-SLS, dated January 28, 2020, from B3 S.A.
Brasil, Bolsa, Balcão ("Official Letter"), as transcribed below, in which Oi S.A. - In Judicial Reorganization ("Oi" or the "Company") was asked to clarify the news article published in the press by the newspaper Valor Econômico on January 28, 2020, entitled "Oi attempts to close the sale of towers by March", the Company hereby clarifies as follows:
"Dear Sirs,
A news article published by the newspaper Valor Econômico, on January 28, 2020, entitled "Oi attempts to close the sale of towers by March," states, among other information, that:
Oi expects to complete the sale of a new lot of cell phone towers by the end of March;
The transaction would involve the sale of at least 700 towers, which would generate approximately R$700 million for the company.
We request clarification on these items by January 29, 2020, with your confirmation or denial, as well as other information considered important."
Rua Humberto de Campos, 425 - 8th floor
Rio de Janeiro - CEP 22430-190
State of Rio de Janeiro
www.oi.com.br
In this regard, as already widely disclosed by Oi on several occasions, the Company's Management has been concentrating efforts on the process of generation of short-term liquidity through the sale of non-core assets, including towers, pursuant to the provisions of its Judicial Reorganization Plan and its Strategic Plan, both filed with the CVM and already widely disseminated by the Company.
In this sense, Oi clarifies that the specific information referred to in the news article in question is detailed in its Strategic Plan and has also been mentioned upon release of 2019 third quarter results and in several other instances.
These are the clarifications we have in connection with the Official Letter, and we remain at your disposal for any further clarification.
Sincerely,
Oi S.A. - In Judicial Reorganization
Camille Loyo Faria
Chief Financial and Investor Relations Officer
Rua Humberto de Campos, 425 - 8th floor
Rio de Janeiro - CEP 22430-190
State of Rio de Janeiro
www.oi.com.br
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Oi SA em Recuperação Judicial published this content on 28 January 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 28 January 2020 22:24:05 UTC
Oi SA em Recuperacao Judicial, formerly Oi S.A., is an integrated telecommunications service provider in Brazil. The Company is a switched fixed-line telephony services (STFC) concessionaire. It is engaged in the provision of STFC as a local and intraregional long-distance carrier. Its segments include Residential Services, Personal Mobility, and SMEs/Corporate. It offers a range of integrated telecommunications services that include fixed and mobile, broadband, pay television (TV), data transmission and Internet provider services. The Company's Residential Services segment is focused on the sale of fixed telephony services, including voice services, data communication services (broadband), and pay TV. The Personal Mobility segment is focused on the sale of mobile telephony services to subscription and prepaid customers, and mobile broadband customer. The SMEs/Corporate segment includes corporate solutions offered to its small, medium-sized, and large corporate customers.