In February, as part of discussions and negotiations with Oi’s creditors, announced to the market at the end of October 2022 with the hiring of Moelis & Company as financial advisor, the Company filed for a precautionary urgent injunction requesting to suspend the enforceability of certain obligations, aiming to protect its cash flow and thereby ensure balanced and transparent negotiations with creditors.

In March, the Company filed for a Judicial Reorganization process with the 7th Business Court of the Capital of the State of Rio de Janeiro, and the processing of the request was granted later that same month.

As part of the Company’s Transformation Plan, in April, the divestment process of UPI Mobile Assets was completed, with a closing value exceeding R$ 15 billion. Additionally, in the 12 months following the closing date, Oi continued to provide transition services, adding an additional R$ 586 million to the total transaction value at closing.

In June, the sale of V.tal took place, marking the formal beginning of a new operational model in the Brazilian market, focusing on providing FTTH services through a neutral fiber network.

In December the 7th Business Court of the Capital of the State of Rio de Janeiro decided for the conclusion of the Judicial Reorganization of the Company and its wholly-owned, direct, and indirect subsidiaries.

In Jauary, the Purchase and Sale Agreement of the UPI Mobile was executed with Telefônica Brasil (Vivo), TIM e Claro.

In March, UPI Towers and Data Center was sold after Oi received R$ 1,1 billion from the buyers

In April, the “Right To Top” was granted to BTG/ Globenet

To achieve the objectives proposed in the Strategic Plan, the Company concluded the sale of its shares in Unitel and sold part of its real estates.

Company surpassed 1.6 million FTTH customers in August, anticipating the expected goal for 2020 by 4 months.

General Creditors Meeting held in August approved the Amendment to the Judicial Reorganization Plan and in September it was ratificated by the Judge.

UPIs Tower and Data Center auctions held in November.

Conclusion of ANATEL’s agreement with Oi under the Law nº 13.988/2020.

UPI Mobile auction held in December.

Capital increase via subscription of new shares with the participation of BackStoppers.

Disclosure of the Company’s new Strategic Transformation Plan focused on the expansion of Optic fiber in Brazil and on higher value-added businesses with a growth tendency and vision of the future.

Restructuring of Oi’s debt as a result of the approval of the Judicial Recovery Plan.

Pulverization of the shareholder base with the conversion of Bonds into shares

New pulverized shareholder base with no defined controller elects 11 independent members to the board of directors, becoming a real Corporation.

Expansion of investments focused on Fiber Optics and 4G and 4.5G Coverage.

Approval of the Judicial Recovery Plan, ensuring the restructuring of the Company’s debt and allowing expansion of investments and increase in share capital.

Launching of Oito, an entrepreneur and innovation hub which is reference in the generation of new businesses, acceleration of technological solutions, startup development and support to social initiatives.

Creation of two laboratories at Oi Futuro: Labsônica, created to stimulate creativity and innovate the sound field, and Labora, a connection, learning and creation meeting point for social entrepreneurs.

Acquisition of a stake in Portugal Telecom, expanding Oi’s international presence.

Confederations Cup

Launching of the 3G network and converging service packages.

Launching of mobile services in the state of São Paulo.

Acquisition of BRT.