See what changes for customers if a new Oi's judicial recovery, a telephone company in Brazil, is requested.
Oi recently underwent judicial recovery in 2016.
And now, just over 6 months after completing this judicial recovery process, the company is now facing problems with creditors.
Understand more about how this new recovery, if requested, could affect Oi customers.
What is judicial recovery?
Before talking about the Oi process, let's explain a little about what a judicial recovery is and how it works.
In layman's terms, to make it easier to understand, judicial recovery is a legal process available in Brazil.
Through it, indebted companies can reorganize their debts with creditors to avoid closure or bankruptcy.
During Oi's judicial recovery process, the company negotiated its debts with creditors and created measures to improve its financial situation.
Thus, in 2018, Oi successfully completed its judicial recovery.
However, the company now faces another serious problem: debts owed to creditors.
What impact will this judicial recovery of Oi have on customers?
To tell the truth, there will be no major consequences for the company's customers.
Oi will provide customer service as it has always done. In other words, the service will continue to be provided as normal.
This is certainly a great relief for everyone who uses Oi services.
Just imagine being left without a plan and having to look for another available option, with different prices and other services too?
In other words, even if the company files for a new judicial recovery, this is not an excuse to interrupt the service.
Or even not fulfilling contracts with customers.
This measure serves more as a way for the company to maintain its activities while it gets its cash flow up to date and tries to avoid a crisis.
And of course, consequently, avoid a possible bankruptcy.
And besides, there are laws that do not allow the company to outsource its work.
Therefore, Oi's almost 14 million customers, both fixed and mobile, will not be affected.
Oi will continue to be responsible for providing the service to these people.
We hope we have helped you with this information.
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