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General

Oi sees 11% revenue drop in Q2 to BRL 4.54 billion

Friday 14 August 2020 | 12:54 CET | News
Brazilian operator Oi reported a 10.8 percent annual drop in net revenue to BRL 4.54 billion in the second quarter of 2020, mainly due to the effects of the Covid-19 pandemic and the divestment of copper and DTH services. The mobile business accounted for BRL 1.62 billion in revenue, down 6.5 percent. Routine EBITDA fell 15 percent to BRL 1.36 billion, for a margin of 29.9 percent (-1.5%). 

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Categories: General
Companies: Oi
Countries: Brazil
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