OIBR3.SA - Oi S.A.

Sao Paolo - Sao Paolo Delayed Price. Currency in BRL
0.9200
-0.0200 (-2.13%)
As of 11:49AM BRST. Market open.
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Previous Close0.9400
Open0.9400
Bid0.9200 x 0
Ask0.9300 x 0
Day's Range0.9200 - 0.9500
52 Week Range0.9200 - 3.0150
Volume23,183,500
Avg. Volume46,153,972
Market Cap5.5B
Beta (3Y Monthly)1.31
PE Ratio (TTM)N/A
EPS (TTM)-1.3760
Earnings DateDec 2, 2019
Forward Dividend & YieldN/A (N/A)
Ex-Dividend Date2013-09-30
1y Target Est1.96
  • Reuters

    UPDATE 1-Brazil's TIM considers acquisition of Oi's mobile unit- CEO

    Brazilian wireless carrier TIM Participações SA will consider acquiring the mobile unit of its struggling rival OI SA if it is put up for sale, Chief Executive Pietro Labriola said on Thursday. "Frequencies are an important asset for any carrier, not only for TIM", Labriola told journalists at a company event in Sao Paulo, adding that for this reason he has to look into the deal. Based on spectrum concentration, TIM may be allowed to get the largest stake in Oi's mobile division, he said.

  • Reuters

    UPDATE 1-Brazilian carrier Oi to double B2B segment capex in 2020 -exec

    Brazilian carrier Oi SA plans to double capital expenditure in its business-to-business segment in 2020 compared with 2019, executives said on Wednesday. Oi's B2B division, known as Oi Soluções, currently provides services to over 57,000 Brazilian companies both in private and public sectors. "Oi Soluções requires a significant investment and we expect to more than double B2B capex for 2020," Adriana Coutinho, head of Oi Soluções, told journalists on the sidelines of a company event in Sao Paulo.

  • Reuters

    UPDATE 2-Telefonica Brasil and TIM to consider acquisition of Oi's assets in Brazil

    Brazilian carriers Telefonica Brasil and TIM Participações will consider acquiring assets from struggling rival Oi SA if they are put up for sale, executives from both companies said on Tuesday. In September, Reuters reported that Oi was in talks with the local subsidiaries of Spain's Telefonica SA and Telecom Italia SpA to sell assets and avoid insolvency. "As the CEO of a publicly traded carrier, I have the duty to check whether or not it creates value to my shareholders once frequencies or backhauls (infrastructure networks) are made available," TIM's Chief Executive Pietro Labriola told reporters on the sidelines of Futurecom, a major telecoms event in Sao Paulo.

  • Reuters

    UPDATE 1-America Movil says open to discussing deal with Brazil's Oi

    America Movil, Mexico's largest telecommunications company, said on Wednesday it was open to discussing a deal with Oi SA, amid speculation that the Brazilian telecom carrier is in talks to sell its assets. "Of course we are interested in doing something with Oi in Brazil," an America Movil executive said on the company's third-quarter earnings call. Oi may consider selling its mobile operation if it gets attractive offers, Chief Operating Officer Rodrigo Abreu told Reuters earlier this month.

  • Reuters

    America Movil says not negotiating with Telefonica, Telecom Italia over Oi

    Mexican telecommunications firm America Movil is not negotiating with Spain's Telefonica SA and Telecom Italia SpA about making a joint bid for assets of Brazilian telecoms firm Oi SA, a company spokesman said on Monday. "Absolutely nothing has been negotiated," Arturo Elias Ayub, America Movil's director of communications said. Asked whether America Movil, which is controlled by Mexican tycoon Carlos Slim, would consider making a bid for Oi holdings, Elias said the company would need to make a careful analysis of the assets in terms of prices and locations.

  • Reuters

    Brazil's Bolsonaro signs telecoms law to boost sector

    The law, which took five years to clear Congress, will boost telecom companies by lifting restrictions on sales of their formerly state-owned assets. It will also allow for a secondary market for trading cellphone frequencies. "Fixed-line companies got a pathway out of the over-regulated concession regime, while cellphone companies can now trade frequencies," said Ricardo Tavares, CEO of TechPolis, a telecom-policy consulting company.

  • Brazil telecom carrier Oi may consider selling mobile operation: executive
    Reuters

    Brazil telecom carrier Oi may consider selling mobile operation: executive

    Brazilian telecom carrier Oi SA may consider selling its mobile operation if it gets attractive offers, Chief Operating Officer Rodrigo Abreu told Reuters on Wednesday, following reports of interest from its largest rivals. Oi has not begun a formal sale process for its mobile unit, he added. Reuters reported last month that Oi was in preliminary talks with Spain's Telefonica SA and Italy's Telecom Italia SpA to sell its mobile network and avoid a potential cash crunch.

  • Reuters

    Brazil's Oi to test 5G in Rio music festival using Huawei's gear

    Brazil's telecoms carrier Oi SA is preparing to test fifth-generation wireless network (5G) during the Rock in Rio music festival, using equipment provided by China's Huawei Technology Co Ltd, to conduct one of the largest trials of the technology in Brazil. According to Oi, 5G will be used by the entire event's staff in live coverage of the attractions, while the public will be able to test the technology on handsets that will be made available during the event.

  • Huawei denies interest in acquiring Oi or any other Brazilian carrier
    Reuters

    Huawei denies interest in acquiring Oi or any other Brazilian carrier

    Chinese telecoms equipment maker Huawei Technologies Co said on Sunday it was not interested in acquiring struggling Oi SA or any other Brazilian carrier. Brazilian newspaper O Globo reported on Saturday in its online version that Huawei was joining forces with China Mobile to potentially enter a dispute to buy Oi SA . "Huawei has no plan or interest in acquiring Oi or any other Brazilian carrier.

  • Reuters

    UPDATE 2-Brazil's Oi in talks to sell mobile unit to Telecom Italia, Telefonica -sources

    Brazilian telecommunications firm Oi SA is in talks with Spain's Telefonica SA and Italy's Telecom Italia SpA to sell its mobile network to avoid insolvency, five people with knowledge of the matter said. Oi has been struggling to turn around its business since filing for bankruptcy protection in June 2016 to restructure approximately 65 billion reais of debt. Brazil's largest fixed-line carrier expects to raise more than 10 billion reais ($2.4 billion) by selling its mobile operations, according to two of the sources, who spoke on condition of anonymity because the talks are confidential.

  • Reuters

    UPDATE 3-Brazil Senate passes telecoms modernization bill

    The Brazilian Senate late on Wednesday approved a bill that will modernize Brazil's telecommunications law and boost companies in the sector by lifting restrictions on asset sales, according to the upper house's news service, Agencia Senado. The bill, known as PLC 79, had already passed the lower house of Congress and will now go to President Jair Bolosonaro to be signed into law. The law aims to encourage investment in broadband in remote areas of Brazil by allowing companies to own outright telecom assets, such as cellphone towers and valuable real estate, that they may sell if they so choose.

  • Why Oi Stock Popped 16% Today
    Motley Fool

    Why Oi Stock Popped 16% Today

    Your guess is as good as anybody else's.

  • Why Brazilian Stock Oi S.A. Plunged More Than 25% Today
    Motley Fool

    Why Brazilian Stock Oi S.A. Plunged More Than 25% Today

    A change at the top could be coming soon.

  • Reuters

    Brazil's Oi largest shareholder requests CEO change- report

    The largest shareholder in Brazilian carrier Oi SA, GoldenTree Asset Management, has requested the company to replace its Chief Executive Officer Eurico Teles, Brazilian newspaper O Estado de S. Paulo reported on Tuesday. In a letter sent to the board by the asset manager, GoldenTree, which holds a 14.5% stake in the company, said Oi needs a CEO "that may execute the operational restructuring recently proposed", the paper said, mentioning the letter was dated August 16. Oi has filed for Latin America's largest bankruptcy protection proceeding three years ago, and asset managers are now its largest shareholders, after the conclusion of a debt-for-equity swap.

  • Why Argentine Stocks Continued to Rebound on Friday
    Motley Fool

    Why Argentine Stocks Continued to Rebound on Friday

    An important ally just weighed in on the Argentine presidential contest. Whoever might that be?

  • Reuters

    UPDATE 1-Brazil telecoms regulator Anatel defends market solution for Oi

    Brazilian telecoms regulator Anatel said on Friday it prefers a market solution for carrier Oi SA , which has been struggling to turn around its business since filing for bankruptcy protection in June 2016. In a statement, Anatel denied a Friday report by newspaper O Estado de S. Paulo saying the Brazilian government was considering an imminent intervention in the carrier, as it fears the interruption of Oi services next year. Oi declined to comment.