Oi 2015 revenues drop 4.2% to USD7.5bn

29 Mar 2016

Brazilian telecoms giant Oi has reported total net revenues of BRL27.354 billion (USD7.544 billion) for the twelve months ended 31 December 2015, down 4.2% year-on-year. Of the top-line figure, Oi’s domestic market accounted for BRL26.062 billion, with the group’s various international operations contributing a further BRL913 million. Domestic EBITDA for 2015 dropped 9.3% y-o-y to BRL7.230 billion, while Oi’s consolidated net loss for the period under review was reported at BRL5.348 billion, which was mainly impacted by ‘accounting adjustments’ relating to Oi’s financial investments in Africa that are not consolidated by the company.

In operational terms, Oi reported a total of 70.048 million revenue generating units (RGUs) at 31 December 2015, down 6.0% from 74.495 million one year earlier. The bulk of the subscriber accounts – 45.860 million – were attributed to Oi’s ‘personal mobility’ unit, down 5.4% y-o-y. ‘Residential’ subscribers (including broadband, wireline and pay-TV) dropped 6.7% to 16.297 million on an annualised basis, while corporate customer numbers declined by 8.5% to 7.241 million.

Brazil, Oi