Monday, 20 August 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…

TT PREMIUM CONTENT

If you are a subscriber login here


To access premium content you need to upgrade your account. To find out more click here

Since you're here...

...the Telecoms industry is characterised by constant change and evolution. That's why it's crucial for telecoms professionals to keep up-to-date with what is happening. Join 35,000+ of your peers and sign up to our free newsletter service today, to be in the know about what is going on. PLUS, as a member you can submit your own press releases!

See all membership options

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry