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The Company is one of the fixed-line telecommunications companies that resulted from the breakup and privatization of Telebras by the Brazilian Federal Government in 1998.
Well established in Brazil. PT, among others are big backers and need OI to stay alive as an investment tool. Dividend is huge. And even if the dividend is cut by three quarters the dividend will still be 16%. M/L is neutral with a secure dividend rating and Morningstar rates this stock a 4 star buy.
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