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Oi Q3 revenues down 4.5% to BRL 8.8 billion
2014-11-13 16:22:00| Telecompaper Headlines
(Telecompaper) Brazilian operator Oi reported net revenues of BRL 8.842 billion in the third quarter of 2014, down by 4.5 percent compared to a year earlier. Revenues from its operations in Brazil decreased 5.1 percent to BRL 6.738 billion, while revenues from the Portuguese operations dropped 4.5 percent to BRL 1.883 billion. EBITDA fell 1.3 percent BRL 3.003 billion, and the EBITDA margin was 34.0 percent, up 1 percent point from a year ago. Net debt totaled BRL 47.799 billion at the end of September, up 58.3 percent from a year ago. Capex dropped 14.0 percent to BRL 1.670 billion. In Brazil, Oi lost 232,000 fixed lines in the quarter for a total 11.128 million, down 8.0 percent year-on-year. Broadband customers totaled 5.241 million, an annual decrease of 1.8 percent. Oi ended Q3 with 1.032 million pay-TV customers, up 13.6 percent from a year ago and 16.4 percent more than in Q2. Oi finished the quarter with 61 percent of the homes with more than one Oi product, and residential ARPU reached BRL 73.40, up 3.8 percent from Q3 2013. Net revenues from mobile services totaled BRL 2.180 billion in the quarter, down 6.4 percent from a year earlier due mainly to the MTR cuts. Data revenues accounted for just over 30 percent of customer revenue and increased 27 percent year-on-year to BRL 500 million. Handset sales amounted to BRL 202 million, double the year-earlier figure, as smartphones grew to 76 percent of total sales. The total mobile customer base grew by 358,000 in Q3 and 3.5 percent year-on-year to 48.976 million. Mobile ARPU reached BRL 17.4, down 15.0 percent on an annual basis.
Wipe Sales To Top $13 Billion
2014-11-13 06:00:00| Happi Breaking News
A new study by Smithers Apex projects 6% annual growth for wipes.
Gilead Prices $4 Billion of Senior Unsecured Notes
2014-11-13 02:13:07| Biotech - Topix.net
FOSTER CITY, Calif.-- -- Gilead Sciences, Inc. today announced the pricing of senior unsecured notes in an aggregate principal amount of $4 billion, in an underwritten, registered public offering, consisting of three tranches: The senior notes are rated A- by Standard & Poor's and A3 by Moody's. The offering is expected to close November 17, 2014, subject to customary closing conditions.
Tags: prices
notes
senior
billion
Divorce Leads to Billion Dollar Lien on 20 Million Shares of Stock
2014-11-12 15:36:39| Electronics - Topix.net
Harold Hamm is a self-made oilman and the chief executive and majority shareholder in Continental Resources. His foresight and timely investments in the Bakken Shale formation and fracking technology turned his company into a powerhouse and made him a billionaire 18 times over.
Tags: stock
million
leads
lien
Is A $5 Billion Repurchase International Business Machines Corp (IBM)'s Last Resort?
2014-11-11 20:54:10| Electronics - Topix.net
Warren Buffett 's Berkshire Hathaway Inc. is believed to have seen a slump in returns because of the 7.09% stake in International Business Machines Corp. , which saw its stock price plummet throughout the last 30 days. Considering that the American Express Company represents approximately 14.68% of the same portfolio and the company gained little to 9% this month, one might infer that Warren Buffett won't see his profits drop below zero.
Tags: last
business
international
machines
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