Oi closes agreement with AGU and will pay R $ 7 billion to the Union

 In judicial recovery since 2016, the telecommunications group Oi closed an agreement with the Attorney General's Office (AGU) to obtain a 50% discount on the debt of R $ 14.3 billion with the Union. Debts came from 198 fines applied by the National Telecommunications Agency (Anatel) to the operator.


According to the agreement announced by AGU, the remaining 50% of the debt will be paid in installments as follows. A total of R $ 1.8 billion deposited by Oi in Justice will be converted into income for Anatel, as payment of the first installments. The remaining amount will be divided into installments for the Telecommunications Inspection Fund (Fistel) , whose resources are one of Anatel's sources of financing.


In a note, AGU reported that this is the largest agreement in history closed by the agency and Anatel. With the procedure, 1,117 tax enforcement actions, 199 annulment actions, 82 precautionary actions and 300 embargoes on enforcement were extinguished.


According to AGU, the agreement was signed based on Law 13,988 / 2020, which allows large companies in judicial reorganization to settle debts with the Federal Government with discounts of up to 50% and installments in up to 84 months.

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Last Monday (26), Oi had raised R $ 1.4 billion with the auction of telephone towers and data processing centers. The operator's new judicial reorganization plan, approved in September, provides for the sale of assets to pay creditors and focus on fiber optic investments, which will be the company's priority from now on.

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