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Oi revenues fall 3.8% in Q2, EBITDA drops 24%
2016-08-11 16:54:00| Telecompaper Headlines
(Telecompaper) Brazilian operator Oi, under judicial reorganization, ended the second quarter of 2016 with net revenue of BRL 6.52 billion, down 3.8 percent on the same period in 2015 and 3.4 percent less than in Q1 2016. The company blamed the decline on the poor economic climate, which hurt B2B and prepaid revenues, as well as regulatory price cuts and fewer customers. The operator had a net loss from continuing operators of BRL 656 million in the quarter, widening from a loss of BRL 442 million a year earlier. EBITDA fell 24.4 percent to BRL 1.43 billion, and capex amounted to BRL 1.21 billion, an increase of 16.7 percent from a year ago.
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q2
Category:Telecommunications