Oi sees 6% drop in Q1 revenue to BRL 4.45 billion

Thursday 13 May 2021 | 16:03 CET | News
Brazilian operator Oi recorded net revenue of BRL 4.45 billion in the first quarter of 2021, down 6.2 percent on the same period in 2020. The mobile and pay-TV segment, which are pending sale, generated 49 percent of the total revenue, or BRL 2.18 billion (-5.5%). The broadband, fixed-line residential and corporate businesses (so-called 'Nova Oi') registered a 7.4 percent drop to BRL 2.21 billion.

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?

Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

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 expects to conclude sale of mobile unit in early 2022

Published 14 May 2021 13:40 CET | Brazil
Brazilian operator Oi expects that the execution of the sale of its non-core assets may be pushed back slightly by delays in ...

Oi reduces negative cash flow in February

Published 19 Apr 2021 12:33 CET | Brazil
Brazilian operator Oi ended February with negative net operating cash flow of BRL 970 million, down by BRL 452 million on ...

Oi accepts BRL 12.9 billion bid for fibre network assets

Published 13 Apr 2021 08:56 CET | Brazil
Brazilian operator Oi accepted the revised binding bid submitted by investment bank BTG Pactual to acquire a stake in the ...

Oi completes towers sale to Highline

Published 31 Mar 2021 16:41 CET | Brazil
Brazilian operator announced that the sale of Tower UPI to Highline has been completed. All shares issued by the Tower Special ...

Oi ends Q4 2020 with net profit of BRL 1.8 billion

Published 30 Mar 2021 15:56 CET | Brazil
Brazilian operator Oi reported a net profit of BRL 1.79 billion for Q4 2020, reversing the net loss of BRL 2.26 billion it ...