Oi, a major Brazilian telecommunications provider, faces a severe financial crisis while navigating its second judicial reorganization since March 2023. The company disclosed a first-quarter 2024 net loss of R$2.78 billion ($545 million), soaring 120% from the R$1.26 billion ($247.1 million) loss in the same period last year. Furthermore, revenues slipped to R$2.18 billion (approx. […]
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