0
General

Oi's losses widen to BRL 5.75 bln in Q3

Tuesday 3 December 2019 | 13:46 CET | News

Oi said its losses widened in the third quarter to BRL 5.75 billion from 1.33 billion the year before. Net revenues grew 8.7 percent to BRL 5 billion. However, revenue fell 8.8 percent to BRL 4.95 billion for the company's Brazilian operations, while BRL 46 million was contributed by the international markets (Africa and East Timor). Recurrent EBITDA fell 32.9 percent to BRL 979 million, with the EBITDA margin off 7 percent, to 19.6 percent. 

Capex for July-September amounted to BRL 2.06 billion, due to the expansion of the fibre network. Oi also reported a 12.8 percent drop in fixed line customers.



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

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.