Oi revenues drop 7.3% to BRL22.1bn in 2018

29 Mar 2019

Brazilian telecoms operator Oi has reported total net revenues of BRL22.1 billion (USD5.6 billion) for the twelve months ended 31 December 2018, representing a decrease of 7.3% year-on-year. Meanwhile, EBITDA for the year under review dropped 6.3%, to BRL5.9 billion. Of the top-line figure, Oi’s international units in Timor Leste and parts of Africa generated sales of BRL200 million, down 14.0% from BRL233 million in 2017. Oi’s net debt at the end of 2018 was BRL11.8 billion, compared to BRL47.8 billion in the year-ago period.

In operational terms, Oi’s mobile customer base totalled 37.703 million at the end of 2018, of which 35.033 million were ‘personal mobility’ accounts, with the remaining 2.670 million attributed to the B2B segment. As of December 2018, 4G LTE coverage reached 902 municipalities, or 74% of Brazil’s urban population.

Fixed line RGUs for the residential sector dropped 7.2% to 14.746 million in 2018, but the uptake of Oi’s fibre-to-the-home (FTTH) service offered a bright spot: the telco ended the year with 92,000 fibre customers, a figure which increased to 100,000 in early January. The network – which was launched in September 2018 – reached 27 municipalities, including ten state capitals at end-2018; the company plans to reach 62 cities with fibre by end-2019.

Brazil, Oi