Oi targets 110 million subscribers within five years

30 Apr 2008

Brazilian telecoms group Oi (formerly Telemar) says that as a result of its acquisition of rival operator Brasil Telecom (BrT), it hopes to create a Brazilian-owned multinational telecoms company with international reach and with 110 million customers in five years, writes BNamericas citing a company statement. Oi currently has around 14.2 million fixed telephony subscribers, which added to BrT’s eight million, boosts the enlarged entity’s total to 22.2 million. Oi expects to maintain subscriber numbers at this level over the next five years. In the mobile arena the company is looking to boost its current 20.3 million base (16 million for Oi and 4.3 million BrT GSM) to 38 million by 2012. Broadband numbers are also expected to climb from a combined 3.1 million clients, of which BrT has 1.6 million, to twelve million in the same period. Meanwhile, pay-TV users are set to rise from around 60,000 to eight million. The combined net revenues for Oi and BrT in 2007 totalled BRL29.3 billion (USD17.4 billion), broken down as BRL17.6 billion for Oi, BRL11.2 billion for BrT and BRL500 million for regional mobile operator Amazonia Celular, which was purchased by Oi last December for BRL120 million.