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Oi

“Can a bankrupt legacy Brazilian telco reinvent itself as a B2B Tech services orchestrator for enterprises and government?”

Founded1998
HQRio de Janeiro, Brazil
IndustryTelecommunications / B2B Tech
The story

Oi is a legacy Brazilian fixed-line telco (formerly Telemar) that has been in judicial reorganization since 2016 — the largest bankruptcy in Brazilian history. Under its recovery plan Oi has divested consumer businesses (mobile sold to TIM/Vivo/Claro; fiber/Oi Fibra sold and rebranded as NIO in 2025) and repositioned as 'Oi Soluções', a B2B Tech provider selling managed networks, cybersecurity, cloud, AI, UC&C, IoT and observability to ~43,000 Brazilian enterprises and government institutions. Oi has essentially no embedded finance surface — a legacy 2010 mobile-payment partnership with Banco do Brasil and Cielo (Projeto Milão) is the only historical fintech artifact and no longer material.

Last 12 months
2024-11
2025
Product timeline
1998
Founded as Tele Norte Leste (Telemar) via privatization of Brazilian telco.· founding
2007
Rebranded from Telemar to Oi.· pivot
2013
Announced merger with Portugal Telecom.· acquisition
2016
Filed for R$65B bankruptcy protection — largest in Brazilian history.· pivot
2024
Signed with Anatel to convert fixed-line concession into authorization; pivoted to B2B tech / corporate services.· pivot
2025
Sold Oi Fibra operation (rebranded NIO); focus consolidated on Oi Soluções B2B Tech.· acquisition
The stack
0 layers disclosed in Oi’s embedded-finance stack
Accounting gap: none

Oi — frequently asked

Where is Oi headquartered?

Oi is founded in 1998 and headquartered in Rio de Janeiro, Brazil.

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