Tuesday, 23 January 2018

Oi earnings slump, restructuring plan imminent

By Mary Lennighan, Total Telecom
Friday 12 August 16

Troubled Brazilian operator reports 24% decline in Q2 EBITDA, posts sizeable net loss.

Oi this week reported a hefty decline in second-quarter earnings, but there were indications that a reorganisation plan will be presented to creditors within the next month. The Brazilian mobile operator, which filed for bankruptcy protection in June, reported EBITDA of 1.44 billion reais (&euro…

Oi this week reported a hefty decline in second-quarter earnings, but there were indications that a reorganisation plan will be presented to creditors within the next month. The Brazilian mobile operator, which filed for bankruptcy protection in June, reported EBITDA of 1.44 billion reais (&euro…

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