OIBR3.SA - Oi S.A.

Sao Paolo - Sao Paolo Delayed Price. Currency in BRL
3.78
-0.17 (-4.30%)
At close: 5:08PM BRT
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Previous Close3.95
Open3.99
Bid3.78 x 0
Ask3.79 x 0
Day's Range3.78 - 4.04
52 Week Range3.15 - 6.24
Volume2,611,100
Avg. Volume3,220,341
Market Cap2.466B
Beta0.92
PE Ratio (TTM)0.10
EPS (TTM)36.06
Earnings DateN/A
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2013-09-30
1y Target Est2.75
  • The Wall Street Journallast month

    [$$] 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 Journallast month

    [$$] 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.

  • Reuters2 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.

  • Reuters2 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.

  • Reuters2 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

    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.

  • Reuters4 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.

  • Reuters4 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.

  • PR Newswire4 months ago

    Oi S.A.: Suspension of the voting rights of a group of shareholders

    RIO DE JANEIRO , March 7, 2018 /PRNewswire/ --  Oi S.A. (B3: OIBR4 and OIBR3)   – In Judicial Reorganization (" Oi " or " Company "), pursuant to Article 157, paragraph 4 of Law 6404/76 ...

  • PR Newswire4 months ago

    Oi S.A.: Approval of modifications in the Company's organizational structure

    RIO DE JANEIRO , March 7, 2018 /PRNewswire/ --  Oi S.A. (B3: OIBR4 and OIBR3)   – In Judicial Reorganization (" Company ") in accordance with the provisions set forth in Article 157, paragraph ...

  • Reuters4 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, ...

  • PR Newswire4 months ago

    OI S.A.: Material Fact

    RIO DE JANEIRO, March 6, 2018 /PRNewswire/ -- Oi S.A. (B3: OIBR4 and OIBR3) – In Judicial Reorganization ("Oi" or "Company"), pursuant to Article 157, Paragraph 4, of Law No. 6.404/76 and under the terms of CVM Instruction No. 358/02, hereby informs its shareholders and the market in general that it has acknowledged the statement issued by the Emergency Arbitrator under the arbitration proceedings filed against the Company by shareholder Bratel S.À.R.L. ("Bratel") with the Market Arbitration Chamber (Câmara de Arbitragem do Mercado), to address issues related to the implementation of the Judicial Reorganization Plan ratified by the reorganization Court (the "Plan"). Such statement was issued without the Company being heard or having been granted the opportunity to offer its arguments, and the Company was granted with a 48-hour deadline to provide information and reply to Bratel's claims.

  • Reuters4 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.

  • Reuters4 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.

  • Reuters5 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 ...

  • Reuters5 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
    Reuters5 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.

  • Reuters5 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
    Bloomberg7 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 ...

  • Reuters7 months ago

    Veiled threats and boardroom battles - the bitter close of a Brazilian bankruptcy

    In mid-November, the former chief executive of Brazilian telecoms company Oi SA (OIBR4.SA) told the debt-laden company's board that he was receiving ominous phone calls, according to two people present at the meeting. The anonymous messages came to Marco Schroeder's cellphone and his home phone. Confidants of Schroeder believed the calls were coming from people associated with Societe Mondiale, a fund owned by distressed-debt tycoon Nelson Tanure that controlled the company's board but had fallen out with its management over how to best manoeuvre the company out of bankruptcy protection.

  • Reuters7 months ago

    Veiled threats and boardroom battles: the bitter close of a Brazilian bankruptcy

    In mid-November, the former chief executive of Brazilian telecoms company Oi SA (OIBR4.SA) told the debt-laden company's board that he was receiving ominous phone calls, according to two people present at the meeting. The anonymous messages came to Marco Schroeder's cellphone and his home phone. Confidants of Schroeder believed the calls were coming from people associated with Societe Mondiale, a fund owned by distressed-debt tycoon Nelson Tanure that controlled the company's board but had fallen out with its management over how to best maneuver the company out of bankruptcy protection.

  • Reuters7 months ago

    Brazil's Oi open to buyers after restructuring -CEO

    RIO DE JANEIRO/BRASILIA, Dec 20 (Reuters) - Brazilian telecoms company Oi SA is up for sale after it emerged from Latin America's largest-ever bankruptcy protection process, Chief Executive Eurico Teles said on Wednesday. Teles said the company was ready to receive international investors and had received an offer of support from China Development Bank. Many international investors, such as China Telecom Corp Ltd and China Mobile Ltd, offered a capital injection as the company struggled for a year and a half to restructure some 65.4 billion reais ($20 billion) in debt.

  • Reuters7 months ago

    Brazil regulator questions Oi restructuring plan, will not block it

    Brazilian telecoms regulator Anatel will challenge the debt restructuring plan approved by creditors of carrier Oi SA in court but will not use its regulatory power to block new ownership, the head of the agency said on Wednesday. Anatel President Juarez Quadros said Anatel's board questioned the legality of parceling 14 billion reais ($4.2 billion) of fines owed to the regulator over two decades.

  • Reuters7 months ago

    Oi creditors approve largest-ever Latin American restructuring

    Creditors in Brazilian telecoms company Oi SA approved early on Wednesday morning a plan to restructure $20 billion in debt owed by the firm, overcoming the main hurdle in Latin America's largest-ever bankruptcy process. After a marathon 15-hour meeting in Rio de Janeiro, three of four creditor classes voted nearly unanimously for the plan. The only major 'no' vote appeared to come from national telecoms regulator Anatel, which held billions of dollars in Oi debt through unpaid regulatory fines.