OIBR-C - Oi S.A.

NYSE - NYSE Delayed Price. Currency in USD
3.94
+0.11 (+2.87%)
At close: 4:02PM EDT
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Previous Close3.83
Open3.79
Bid3.87 x 800
Ask0.00 x 900
Day's Range3.79 - 3.98
52 Week Range3.68 - 9.71
Volume459,577
Avg. Volume272,678
Market Cap2.662B
Beta2.28
PE Ratio (TTM)0.08
EPS (TTM)47.47
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2013-09-30
1y Target EstN/A
Trade prices are not sourced from all markets
  • Reuters7 days ago

    Brazil's Oi reports lower net loss

    Oi SA, Brazil's largest fixed line telecom company, posted on Monday a lower net loss in the second quarter helped by lower expenses. In a securities filing, the company posted second quarter net loss ...

  • A 1,400% Stock Jump Shows Merger Winds Are Blowing in Brazil Telecom
    Bloomberg14 days ago

    A 1,400% Stock Jump Shows Merger Winds Are Blowing in Brazil Telecom

    Speculation about consolidation is a staple in Brazil’s highly competitive, fast-growing telecom sector. NII Holdings Inc. has skyrocketed this year in New York trading, signaling that investors are stepping up their M&A bets as two favorite targets finish actions that could pave the way for deals. Nextel Telecomunicacoes Ltda., NII’s Brazilian unit, concluded a debt restructuring and is in better shape to be acquired as the country slowly exits a long recession.

  • Reuters18 days ago

    Brazil's Oi proposes new board for shareholders meeting

    Oi SA, Brazil's largest fixed line telecom firm, has proposed the names for its new board of directors to be voted on by shareholders in a meeting on Sept. 3 in Rio de Janeiro. In a securities filing on Thursday, the firm proposed to keep the six members of the transitional board of directors and add five other board members. Among the new members is Maria Helena Santana, the former head of Brazilian securities industry regulator CVM.

  • Reuters19 days ago

    Brazil's Oi sets key shareholders' meeting for early September

    Oi SA, Brazil's largest fixed line telecom firm, called a general shareholders' meeting on Sept. 3 in Rio de Janeiro to formally vote on a 4 billion reais ($1.07 billion) capital injection, the company said. In a securities filing made late on Wednesday night, the firm said shareholders would also consider the composition of a new board of directors and a number of by-law changes, confirming a Reuters report earlier in the day which said Oi would send the invite for the meeting as early as this week. Oi, which filed for bankruptcy protection in 2016 after buckling under 65 billion reais of debt, is currently governed by a transitional board of directors.

  • Reuters19 days ago

    Brazil's Oi to call for shareholders' meeting within days -source

    Oi SA, Brazil's largest fixed-line telecom firm, is about to formally call for a general shareholders' meeting, a source with direct knowledge of the matter told Reuters, as the company pushes ahead with its aggressive restructuring plan. At the meeting, likely to take place in September, 30 days after the invite, Oi's new slate of shareholders will also try to reach a decision on the structure of a new board of directors. Oi, which declined to comment, buckled under 65 billion reais of debt in 2016, filing for bankruptcy protection.

  • Reuters19 days ago

    Oi say Portuguese judge declines to recognize restructure plan

    Brazilian telephone carrier Oi SA said on Wednesday that a judge in Lisbon had decided against validating the company's restructuring plan in Portugal for now, adding that the decision will not keep the plan from going into effect. In a securities filing, Oi said a judge determined that there are outstanding appeals related to the firm's restructuring of 65 billion reais ($17.4 billion) in debt that must be resolved before the Portuguese court signs off on the plan. Oi added that the decision was rooted in formalities, not on the merits of the restructuring plan, which was approved by the company's creditors in December.

  • Reuters20 days ago

    Brazil's Oi says Portugal judge overrules restructuring plan

    Brazilian telephone carrier Oi SA said on Wednesday that a commercial judge in Lisbon has overruled the company's restructuring plan as approved by its creditors in Brazil. Oi, whose top shareholders include ...

  • Reuterslast month

    Exclusive: Investment firms fight to inject cash in Brazil carrier Oi

    Three distressed asset funds have sued for the right to participate in a 4 billion reais ($1 billion) capital increase for Brazilian telecom Oi SA as part of its in-court restructuring, four sources with knowledge of the matter told Reuters this week. The fight for the chance to invest in Oi, Brazil's largest fixed line carrier, reveals a sharp turnaround in investors' perception of a company that flirted with liquidation a year ago. Brazil's consumer-led economic recovery and bets on industry consolidation have boosted interest in the company after three years of battles between shareholders and creditors.

  • Exclusive: Investment firms fight to inject cash in Brazil carrier Oi
    Reuterslast month

    Exclusive: Investment firms fight to inject cash in Brazil carrier Oi

    Three distressed asset funds have sued for the right to participate in a 4 billion reais ($1 billion) capital increase for Brazilian telecom Oi SA (OIBR4.SA) as part of its in-court restructuring, four sources with knowledge of the matter told Reuters this week. The fight for the chance to invest in Oi, Brazil's largest fixed line carrier, reveals a sharp turnaround in investors' perception of a company that flirted with liquidation a year ago. Brazil's consumer-led economic recovery and bets on industry consolidation have boosted interest in the company after three years of battles between shareholders and creditors.

  • The Wall Street Journal2 months ago

    [$$] Oi Restructuring Plan Wins Final U.S. Court Approval

    Judge Sean Lane of the U.S. Bankruptcy Court in New York, where Oi sought chapter 15 protection in 2016, overruled opposition from the company’s largest shareholder and said he would sign off on the mammoth debt-cutting plan. After filing for bankruptcy protection in Brazil, Oi SA and several affiliates sought an endorsement of that proceeding in several other countries, including the U.S. All classes of Oi’s creditors overwhelmingly approved the restructuring plan when it was put to a vote late last year, court papers show.

  • The Wall Street Journal2 months ago

    [$$] Brookfield Distressed Debt Team Finds Gold Overseas

    has been quietly adding to its distressed debt investing capabilities over the past four years, building an internal team that invests in so-called liquid distressed strategies. The sprawling Canadian investment firm with $285 billion under management in real estate, private equity, and infrastructure, has deep roots in distressed debt investing, often taking control of companies through bankruptcy. The firm’s past forays into restructuring have grown out of each of its industry investing teams, who have jumped into distressed debt or auctions in bankruptcy when they spotted lucrative opportunities.

  • Reuters3 months ago

    Brazil's Oi reports strong first quarter as financial receipts soar

    Brazilian telephone carrier Oi SA reported on Tuesday a consolidated net profit of 30.54 billion reais ($8.2 billion) for the first quarter, reversing a 3.69 billion real loss in the same period a year ago. The company, in a securities filing, also reported 27.58 billion reais in other financial receipts in the first quarter, after the renovation of credit lines under the agreement, which was approved by creditors last year and is in the process of being implemented.

  • Reuters3 months ago

    U.S. court to hear fight over Brazil telecom Oi's bankruptcy plan

    A U.S. bankruptcy court is set to hear a dispute involving Brazilian telecoms company Oi SA and major shareholder Bratel Brasil SA, Bratel said on Wednesday, as investor discontent with Oi's bankruptcy reorganization process shows no signs of abating. On Friday, Bratel, a subsidiary of Portugal's Pharol SGPS SA, which owns almost 28 percent of Oi's common shares, said it had filed a legal complaint in the United States. The complaint alleges that the rights of Oi shareholders were violated as part of an agreement approved by creditors in December to severely dilute shareholders' equity to take Oi out of bankruptcy protection.

  • Reuters3 months ago

    U.S. court to hear fight over Brazil telecom Oi's bankruptcy plan

    A U.S. bankruptcy court is set to hear a dispute involving Brazilian telecoms company Oi SA and major shareholder Bratel Brasil SA, Bratel said on Wednesday, as investor discontent with Oi's bankruptcy reorganization process shows no signs of abating. On Friday, Bratel, a subsidiary of Portugal's Pharol SGPS SA, which owns almost 28 percent of Oi's common shares, said it had filed a legal complaint in the United States. The complaint alleges that the rights of Oi shareholders were violated as part of an agreement approved by creditors in December to severely dilute shareholders' equity to take Oi out of bankruptcy protection.

  • Reuters4 months ago

    Brazil's Oi does not see imminent M&A, focused on recovery plan, revenue

    Brazilian telecom company Oi SA is not focused on being acquired in the short-term, a top executive said, in an apparent change of tune for the nation's largest fixed line operator. In a phone interview accompanying Oi's fourth-quarter results release late Thursday, Chief Financial Offer Carlos Brandao said executives were focused on improving operational numbers at the carrier and completing a debt-for-equity swap that would formally take the firm out of bankruptcy protection. In December, creditors in Oi approved a debt-for-equity swap to take the company out of bankruptcy protection after a messy 18-month dispute between bondholders and equity holders.

  • Reuters5 months ago

    Brazil telecom Oi reports preliminary results, delays earnings

    Brazilian telecom company Oi SA reported preliminary 2017 earnings on Wednesday and said in a securities filing that it was delaying its final earnings release due to accounting complexities after its court-agreed restructuring. Oi, Brazil's largest fixed-line carrier, reported preliminary 2017 earnings before interest, taxes, depreciation and amortization (EBITDA) of 6.2 billion reais ($1.87 billion), compared with 6.3 billion reais in 2016. Oi plans to report earnings on April 12, rather than March 28 as originally planned.

  • Reuters5 months ago

    Brazil's Oi wins ruling in battle with shareholder Pharol

    A magistrate for Brazil's Superior Court of Justice has issued an injunction that hands telecommunications firm Oi SA at least a temporary victory over shareholder Pharol SGPS SA in an ongoing legal dispute, the company said on Wednesday. In a securities filing, Oi said that magistrate Marco Buzzi had "provisionally" awarded jurisdiction in the dispute to a commercial court in Rio de Janeiro over an arbitration body that Pharol had appealed to. In December, creditors approved a plan giving them much of Oi's equity, and a Brazilian judge approved it in January, though many shareholders such as Pharol objected.

  • Reuters5 months ago

    Brazilian telecom Oi names new CFO - filing

    Brazilian telecom Oi SA named on Wednesday Carlos Augusto Brandão as its new Chief Financial Officer and head of investor relations, according to a securities filing. Oi also said two of its directors, ...

  • Reuters5 months ago

    Brazil's Oi approves debt-for-equity swap, legal wrangles continue

    Brazilian telecoms company Oi SA's board has approved the terms of a debt-for-equity swap endorsed by creditors, even as a shareholder said on Tuesday it had won a partial injunction against the plan. In a Tuesday securities filing, Oi said the board approved the issuance of up to 1,756,054,163 new shares, corresponding to a maximum 12.29 billion reais ($3.81 billion). Under the deal, unsecured bondholders will be able to participate in the capitalization of Oi by swapping a portion of their debt for shares in the company, as agreed in a restructuring plan creditors approved in December.

  • Reuters6 months ago

    Brazil's Oi board approves terms of $3.81 bln capitalization - filing

    The board of Brazilian telecommunication company Oi SA has approved the terms of a debt-for-share swap under the company's reorganization plan, setting 7 reais per share as the value for the capitalization. Under the deal, unsecured bondholders will be able to participate in the capitalization of Oi by swapping a portion of their debt securities for shares in the company, the filing said. In January, a Brazilian federal judge gave his blessing to Oi's reorganization after Brazil's top fixed-line telephone operator filed for bankruptcy in June 2016.

  • Reuters6 months ago

    Brazil telecoms Oi, TIM to discuss sharing infrastructure

    Brazilian telecommunications companies Oi SA and TIM Participacoes SA said on Tuesday they had signed a memorandum of understanding to share infrastructure. The securities exchange filings did not give ...

  • Reuters6 months ago

    Brazilian rule changes may allow telecoms firms to unload assets

    SAO PAULO/BRASILIA (Reuters) - Brazil's major telecoms operators stand to free up hundreds of millions of dollars to invest in technologies like 4G and broadband by unloading unwanted assets, as a push by the sector to overhaul decades-old rules shows signs of paying off. The shake-up would spur Telefonica Brasil SA and Oi SA, the country's largest wireless and fixed-line providers, respectively, to sell or ditch hundreds of under-used real estate properties, thousands of unused phone booths and other dated assets, according to executives and others with knowledge of the companies' strategy. In the case of Oi, the changes are also key to a proposed multi-billion dollar sale to China Telecom Corp Ltd or China Mobile Ltd in what would be the first big Chinese bridgehead into the Latin American telecoms sector.

  • Brazilian rule changes may allow telecoms firms to unload assets
    Reuters6 months ago

    Brazilian rule changes may allow telecoms firms to unload assets

    SAO PAULO/BRASILIA (Reuters) - Brazil's major telecoms operators stand to free up hundreds of millions of dollars to invest in technologies like 4G and broadband by unloading unwanted assets, as a push by the sector to overhaul decades-old rules shows signs of paying off. The shake-up would spur Telefonica Brasil SA (VIVT4.SA) and Oi SA (OIBR4.SA), the country's largest wireless and fixed-line providers, respectively, to sell or ditch hundreds of under-used real estate properties, thousands of unused phone booths and other dated assets, according to executives and others with knowledge of the companies' strategy. In the case of Oi, the changes are also key to a proposed multi-billion dollar sale to China Telecom Corp Ltd or China Mobile Ltd in what would be the first big Chinese bridgehead into the Latin American telecoms sector.

  • Reuters7 months ago

    Brazil's Oi will not hold Feb 7 shareholder meeting -filing

    Oi SA will not hold an extraordinary shareholder meeting on Feb. 7, the Brazilian telecoms company said in a securities filing on Friday. Holding the meeting would be contrary to a recent decision by the ...

  • Oi Shareholder Calls for Vote to Take Action Against CEO, CFO
    Bloomberg8 months ago

    Oi Shareholder Calls for Vote to Take Action Against CEO, CFO

    Oi SA’s largest equity investor called for a shareholders meeting to decide whether to take legal action against the chief executive officer and the chief financial officer and to scrutinize parts of the ...