|Bid||0.0000 x 0|
|Ask||0.0000 x 0|
|Day's Range||0.2900 - 0.3100|
|52 Week Range||0.2300 - 0.8200|
|Beta (3Y Monthly)||1.38|
|PE Ratio (TTM)||0.01|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||1.80|
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.
The Brazilian government is considering intervention in telecommunications carrier Oi SA , as the company struggles to recover since it filed for bankruptcy protection in June 2016, newspaper O Estado de S. Paulo reported on Friday. Brazilian telecoms regulator Anatel fears an interruption of Oi services next year, Estado reported, without saying how it obtained the information. Oi declined to comment on the matter and Anatel did not immediately respond to a Reuters request for comments.
Brazilian telecom carrier Oi SA disclosed on Tuesday a new strategic plan aiming to divest up to 7.5 billion reais ($2 billion) in non-core assets and focus on its fiber-to-home (FTTH) broadband service. The company, which filed for bankruptcy protection in June 2016 to restructure approximately 65 billion reais of debt, plans to sell towers, data centers, real estate assets, its Angolan subsidiary Unitel and other non-strategic assets between 2019 and 2021. "We're now as we speak working on the sale of real estate assets," Chief Financial Officer, Carlos Brandao, said in a conference call to discuss the newly launched strategic plan with investors and analysts.
The board of Brazilian telecoms firm Oi SA has approved the former head of competitor TIM Participacoes SA as its new chief executive, newspaper O Globo reported late on Monday. Rodrigo Abreu is set to take over the top spot from current CEO Eurico Teles in December, O Globo said, without saying how it got its information. As the company is currently undergoing an in-court bankruptcy recovery process, the name will have to be approved by a judge in Rio de Janeiro, the paper said.
Brazilian telecommunications firm Oi SA reported a first-quarter net profit of 679 million reais ($170 million), in a quarter its revenue continued to fall. This compares to a profit of 30.5 billion reais in the first quarter of 2018 after Oi reached an agreement with creditors in an in-court debt reorganization of the company. In a securities filing late on Monday, Brazil's largest fixed-line operator said its net revenue fell 9.5% year-on-year to 5.1 billion reais due to a fiercer competition in Brazil.
Brazilian telecommunications firm Oi SA, trying to right itself after a string of financial losses, is boosting capital spending in a bid to return to revenue growth by 2021, executives said on Wednesday. Speaking to analysts following the release of fourth-quarter results, Chief Financial Officer Carlos Brandao said recent losses at Brazil's largest fixed-line firm were related to underinvestment. Late on Tuesday, Oi reported a fourth-quarter net loss of 3.359 billion reais ($858 million), widening 66 percent from its year-earlier loss.
Brazilian telecommunications firm Oi SA reported a big quarterly loss on Wednesday, sending shares of the heavily indebted company down nearly 5 percent in morning trading Oi, Brazil's largest fixed-line ...