Oi revenues drop 8.7% to BRL20.1bn in 2019

27 Mar 2020

Brazilian telecoms operator Oi has reported total net revenues of BRL20.1 billion (USD4.0 billion) for the twelve months ended 31 December 2019, representing a decrease of 8.7% year-on-year. Routine EBITDA for the year under review was reported at BRL6.0 billion while the net loss attributed to the owners of the company was BRL9.0 billion. Finally, Oi’s net debt at the end of 2019 was BRL15.9 billion.

Brazil, Oi