Tuesday, 26 September 2017

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…

Please login or register to view this content

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

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