Oi SA (ADR) (NYSE:OIBR) Reports Results


Dallas, Texas 02/24/2014 (FINANCIALSTRENDS) – Oi SA (ADR) (NYSE:OIBR) net revenue is reportedly at 1.5% over the previous year.  The overall revenue increase is valued at 7.2 billion for this telecom domain player, which provides services over international borders. The company reported the latest increase in revenue due to multiple service factors. First was the fixed broadband services followed Pay TV growth for the residential segments as well. Besides, the substantial increase in the number of Personal Mobility which leads to increase in service revenue. The increase in the recharges, besides the data usage increase too ensured the revenue increase too was substantial.

Oi SA (ADR)(NYSE:OIBR) EBITDA is reported at $3.5 billion for the fourth quarter. This is likely to be in the factor of the sale of the Globenet. With the exception of this sale, it is recognized that the record in growth for the quarter to quarter comparison was higher. The company sees that it will have higher sales, improved efficiency as well as higher operational besides financial organization.

Oi SA (ADR)(NYSE:OIBR) saw that the cash flow was in the region of $484 million. The improvement was thus far the fourth in the past year. The overall income which has reportedly risen by 191% will also see the sale of the submarine business.

Oi SA (ADR)(NYSE:OIBR) cash flow without CapEX was reported higher. The increase was also part of the overall year on year increase which has led to better fourth quarter movement.

Oi SA (ADR)(NYSE:OIBR) have by far been on a consolidation spree on the residential segment. The company has by far had a strong development in this segment. On the mobile services line-up  along with business to customer line of communication, OIBR believes in offering more fixed lines. Towards the end of the fourth quarter, the company recorded that the overall households which used Oi was increasing to nearly 58%. This increase is in the  region of 55%.