Oi losses widen to BRL 4.8 billion in Q3

Friday 12 November 2021 | 12:46 CET | News
Brazilian operator Oi registered a net loss of BRL 4.81 billion in Q3, an increase of 82.4 percent on the same period last year, mainly due to the devaluation of the local currency against the dollar. Routine EBITDA fell 0.2 percent year-on-year to BRL 1.46 billion, for a margin of 32.3 percent (+1.2%). EBIT was positive for BRL 310 million, compared to a negative BRL 255 million a year earlier.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: General
Companies: Oi
Countries: Brazil
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Oi extends fibre in Midwest and North Brazil

Published 21 Nov 2021 14:01 CET | Brazil
Brazilian operator Oi has expanded its Oi Fibra service to two more cities in the Midwest and North, namely to Trindade in Goias ...

Desktop Q3 net revenue more than doubles to BRL 94 million

Published 18 Nov 2021 16:26 CET | Brazil
Brazilian ISP Desktop closed the third quarter of 2021 with a net profit of BRL 12.02 million, down 1 percent year-on-year. Gross ...

Brazil antitrust recommends approval of Oi Movel sale with restrictions

Published 04 Nov 2021 15:32 CET | Brazil
Brazil's Administrative Council for Economic Defense (Cade) recommended the approval, with restrictions, of the sale of Oi Movel ...

Oi cash burn increases in August

Published 18 Oct 2021 14:47 CET | Brazil
Brazilian operator Oi reported net operating cash generation of BRL 454 million in August 2021, an increase over the negative BRL ...

Oi recovers lost fibre market share after investing over BRL 10 bln

Published 06 Oct 2021 11:29 CET | Brazil
Brazilian operator Oi invested BRL 10.4 billion in its fibre network from 2019 to June 2021 and increased its number of homes ...

Oi sells SPE InfraCo shares to Globenet for EUR 2 billion

Published 04 Oct 2021 20:17 CET | Brazil
Brazilian operator Oi signed an investment agreement with Globenet Cabos Submarinos for the sale of SPE InfraCo shares to the ...

Oi reduces cash burn in July

Published 20 Sep 2021 13:35 CET | Brazil
Brazilian operator Oi and its companies in judicial reorganization achieved a negative net operating cash flow of BRL 168 million ...

Oi to focus on fibre going forward, aims for mobile sale by early 2022

Published 09 Sep 2021 15:49 CET | Brazil
The future focus of Brazilian operator Oi will be on customers and services and achieving annual revenues of BRL 15 billion in "a ...

Oi returns to net profit in Q2, EBITDA lower

Published 12 Aug 2021 12:16 CET | Brazil
Brazilian operator Oi posted a net profit of BRL 1.13 billion in the second quarter of 2021 at group level, reversing the BRL 3.4 ...