Oi SA (ADR)(NYSE:OIBR) Announces Agreement With Market Maker


Dallas, Texas 08/04/2014 (FINANCIALSTRENDS) – Oi SA (ADR) (NYSE:OIBR) Brazilian holding company which provides a variety of telephony services. The company besides providing a range of domestic services, it also provides several international services. Most of the operations of this US-listed provider are conducted via its holding company, OiSA, the erstwhile Brasil Telecom, SA. It is currently engaged in provisioning Switched Fixed-line Telephony Services or STFC. The operations are related to three main segments. The Fixed line telephony as well as data segment is one of the main stays of this international player. This main segment will now allow local as well as long distance voice transmission, besides, data communication services.

Oi SA (ADR) (NYSE:OIBR) second segment of services the company provides is the mobile telephony segment. The core services of this segment are mobile voice services. The third latest segment is the 3G data communication as well as the additional services related to it. The service which this company offers includes messaging services as well as interaction. The company also supports additional services such as internet services besides call center segment.

The telemarketing services the company provides as well as customer services and television. The TV service Oi SA offers includes cable as well as Direct To Home (DTH) technology.

Oi SA (ADR) (NYSE:OIBR) has since December 2013, transferred the stake it holds in Brasil Telecom Cabos submarine Ltd as well as other subsidiaries.

As of July 28, 2014, Oi SA will work with Market Maker a range of commercial activities. The company’s definitive agreement, “The agreement with the Market Maker is intended to boost the liquidity of the Company’s common and preferred shares and shall be in effect for twelve months, with automatic renewals for twelve-month periods if there is no manifestation by either party to the contrary.”