Oi S A : Material Fact - CPPIB Investment in V.tal
November 25, 2022 at 07:24 am EST
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Oi S.A. - In Judicial Reorganization
Federal Taxpayers' (CNPJ/ME) No. 76.535.764/0001-43
Board of Trade (NIRE) No. 33.3.0029520-8
Publicly-Held Company
MATERIAL FACT
CPPIB Investment in V.tal
Oi S.A. - In Judicial Reorganization ("Oi" or the "Company"), in accordance with Paragraph 4 of Article 157 of Law No. 6,404/76 and the provisions of CVM Instruction No. 44/21, hereby informs its shareholders and the market in general that, on this date, binding agreements were executed for a capital increase in V.tal - Rede Neutra de Telecomunicações S.A. ("V.tal"), an investee of the Company, in the amount of R$2.5 billion, at an issue price of R$1.42 and fraction per share, 13% higher than the issue price adopted in V.tal's capital increase carried out in June 21, 2022. The capital increase will be subscribed and paid-upin cash by BTG Pactual Infraco Master Fundo de Investimento em Participações Multiestratégia ("FIP Master") with funds from the Canada Pension Plan Investment Board, an independent organization with a global portfolio of CAD$529 billion ("CPPIB").
The funds obtained from the capital increase will be used by V.tal for the deployment of fiber optic internet in new sites and the execution of selected acquisitions, as well as the development of new business lines related mainly to digital infrastructure.
As a result of V.tal's capital increase, the Company's interest in its voting and total capital will be approximately 34.12%. In addition, Oi will benefit from the strengthening of the financial position and investment capacity of its investee, enabling the implementation of its Strategic Plan, with a focus on accelerating revenues from core businesses.
Rio de Janeiro, November 25, 2022.
Oi S.A. - In Judicial Reorganization
Cristiane Barretto Sales
Chief Financial and Investor Relations Officer
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Oi SA em Recuperação Judicial published this content on 25 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 25 November 2022 12:23:07 UTC.
Oi SA em Recuperacao Judicial, formerly Oi S.A., is an integrated telecommunications service provider in Brazil. The Company is a switched fixed-line telephony services (STFC) concessionaire. It is engaged in the provision of STFC as a local and intraregional long-distance carrier. Its segments include Residential Services, Personal Mobility, and SMEs/Corporate. It offers a range of integrated telecommunications services that include fixed and mobile, broadband, pay television (TV), data transmission and Internet provider services. The Company's Residential Services segment is focused on the sale of fixed telephony services, including voice services, data communication services (broadband), and pay TV. The Personal Mobility segment is focused on the sale of mobile telephony services to subscription and prepaid customers, and mobile broadband customer. The SMEs/Corporate segment includes corporate solutions offered to its small, medium-sized, and large corporate customers.
OI S.A. 
