By Hash Techs 
Oi TV was sold for R$ 30 million on Monday to Mileto Tecnologia S.A. through an auction. Mileto Tecnologia S.A. was the sole bidder to submit a formal proposal for acquiring Oi TV, bringing it under its ownership along with its subscriber base, infrastructure, and operating rights.
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- Mileto Tecnologia was the sole company to submit a formal proposal to Oi TV, making sales without competition.
- Payment of R$ 30 million comprises an initial amount of R$ 10 million and a potential additional sum of up to R$ 20 million based on active subscriber numbers over a two-year period.
- Mileto vows to uphold the service quality for current Oi TV subscribers in the future.
Hi is selling its assets to lower its debts.
Oi was once a major player in the Brazilian telecommunications industry, diversifying into internet and pay TV. Nevertheless, financial difficulties led the company to sell off its assets in order to lower its debts.
Mileto Tecnologia acquired Oi TV without facing any competition, indicating a lack of interest in the subscription TV sector, which is being overshadowed by IPTV and streaming services. Oi TV had its own IPTV version, but it was terminated in November 2024.
Roberto Guenzburger, president of Mileto and former executive of Oi, stated that the company plans to uphold the service’s continuity and quality.
The agreement states that Oi will get an initial payment of R$ 10 million, with a potential additional payment of up to R$ 20 million based on the number of active subscribers two years post-sale.
Mileto has made sure that there are no expected major changes in the services provided by Oi TV, although the change may affect customers.
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