Oi SA is sticking to its year-end goals of tripling subscribers who use multiple services and boosting investments by 25 percent even as the phone carrier works through Brazil’s biggest-ever bankruptcy, Chief Executive Officer Marco Schroeder said, Bloomberg News reported yesterday. The company is current in payments to suppliers and aims to continue on that front to guarantee service to customers during the bankruptcy process, Schroeder said. In March, Oi offered a package of mobile, landline, broadband and pay-TV services for customers across the country. Oi Total had 320,000 subscribers as of June and aims to reach 1 million this year, the company said. Oi filed for bankruptcy protection in June after failing to reach a restructuring agreement with creditors covering 65.4 billion reais ($20 billion) of debt. As it stops servicing its debt, Oi will have more cash to invest in its business, Schroeder said.
