Oi 1Q16 revenues drop 4% to USD1.95bn

13 May 2016

Brazilian telecoms firm Oi has reported total net revenues of BRL6.755 billion (USD1.950 billion) for the first three months of 2016, a decline of 4.0% from BRL7.040 billion one year earlier. EBITDA for the quarter under review dropped 12.2% to BRL1.766 billion, while Oi’s consolidated net loss totalled BRL1.644 billion, compared to a deficit of BRL447 million in 1Q15. CAPEX for the first quarter of 2016 jumped 22.2% to BRL1.252 billion.

In operational terms, Oi reported a total of 69.496 million revenue generating units (RGUs) in its domestic market at 31 March 2016, down by 5.5% from 73.577 million a year earlier. ‘Personal mobility’ subscribers dropped 5.0% to 45.559 million, while residential customers declined 5.7% to 16.170 million. Corporate/SME accounts, meanwhile, slumped 9.2% to 7.115 million.

Brazil, Oi