Edition:
United Kingdom

Oi SA em Recuperacao Judicial (OIBR3.SA)

OIBR3.SA on Sao Paulo Stock Exchange

1.09BRL
16 Aug 2019
Change (% chg)

R$ -0.10 (-8.40%)
Prev Close
R$ 1.19
Open
R$ 1.06
Day's High
R$ 1.13
Day's Low
R$ 0.97
Volume
369,479,700
Avg. Vol
61,039,521
52-wk High
R$ 2.37
52-wk Low
R$ 0.97

Latest Key Developments (Source: Significant Developments)

Brazil telecom Oi says is confident it will fulfill divestment plan - CFO
Tuesday, 16 Jul 2019 

July 16 (Reuters) - Oi SA em Recuperacao Judicial ::BRAZILIAN TELECOMS CARRIER OI SAYS PLAN IS TO ACCELERATE FIBER EXPANSION - CFO.OI WILL SEEK MARKET LEADERSHIP WITH FULL SPEED IN FIBER DEPLOYMENT - CFO.OI EXPECTS WHOLESALE SEGMENT TO BECOME INCREASINGLY RELEVANT AND ALMOST DOUBLE REVENUES BY 2024 - CFO.OI SEES STRONG GROWTH IN REVENUES FROM INFORMATION AND COMMUNICATION TECHNOLOGY SERVICES WITHIN BUSINESS-TO-BUSINESS (B2B) SEGMENT - CFO.OI PLANS TO PARTICIPATE IN SPECTRUM AUCTIONS NEXT YEAR FOR BOTH 700 MHZ AND 5G FREQUENCIES - EXEC.OI IS CONFIDENT THAT IT WILL FULFILL DIVESTMENT PLAN TO RELEASE CASH FOR THE EXECUTION OF STRATEGIC PLAN - EXEC.OI DESIGNED STRATEGIC PLAN FOR SHORT-TERM SUSTAINABILITY AND LONG-TERM GROWTH - EXEC.OI EXPECTS SALES OF TOWERS, DATA CENTERS AND REAL ESTATE ASSETS TO HAVE AN IMPACT OF 150 MILLION REAIS IN EBITDA PER YEAR - CFO.OI SAYS THAT 75% OF FTTH CUSTOMERS ARE NEW TO THE PLATFORM AND 25% MIGRATED FROM COPPER NETWORK - EXEC.OI SAYS AVERAGE REVENUE PER USER (ARPU) IS OVER 20% HIGHER IN FTTH COMPARED TO COPPER BROADBAND - EXEC.OI IS ALREADY WORKING ON THE SALE OF REAL ESTATE ASSETS - CFO.  Full Article

Pharol Says Now Holds Shares Representing 5.51 Pct Of Oi's Share Capital
Thursday, 18 Apr 2019 

April 18 (Reuters) - PHAROL SGPS SA ::SAID ON THURSDAY NOW HOLDS 5.51 PERCENT OF SHARE CAPITAL OF OI, AFTER THE TRANSFER OF 33.8 MILLION SHARES FROM OI'S TREASURY TO PHAROL.  Full Article

Pharol Subscribed 127.5 Mln New Shares In Capital Increase Of Oi
Monday, 28 Jan 2019 

Jan 28 (Reuters) - Pharol SGPS SA ::SUBSCRIBED 127,548,955 NEW SHARES IN CONTEXT OF CAPITAL INCREASE OF OI.OI MADE A PAYMENT OF 25 MILLION EUROS, WHICH ALLOWED SUBSCRIPTION OF 85,721,774 NEW SHARES.USING OWN FUNDS, PHAROL SUBSCRIBED 41,827,181 NEW SHARES.  Full Article

Brazilian Antitrust Watchdog Cade Approves Telecom Infrastructure Sharing By Tim And Oi- Statement
Wednesday, 7 Nov 2018 

Nov 7 (Reuters) - Tim Participacoes SA ::BRAZILIAN ANTITRUST WATCHDOG CADE APPROVES TELECOM INFRASTRUCTURE SHARING BY TIM AND OI- STATEMENT.CADE SAYS INFRASTRUCTURE SHARING IS BENEFICIAL TO CONSUMER, "COST TO CLIENTS OF BOTH COMPANIES FELL SINCE AGREEMENT".  Full Article

Brazil's Oi names Roger Solé, former Vivo And TIM executive, as new board member- filing
Thursday, 4 Oct 2018 

Oct 4 (Reuters) - Oi SA em Recuperacao Judicial ::BRAZIL'S OI NAMES ROGER SOLÉ, FORMER VIVO AND TIM EXECUTIVE, AS NEW BOARD MEMBER- FILING.  Full Article

Oi SA Files With U.S. SEC For Offering Of New Common Shares Of Up To $971.1 Mln
Tuesday, 4 Sep 2018 

Sept 4 (Reuters) - Oi SA em Recuperacao Judicial ::OI SA FILES WITH U.S. SEC FOR OFFERING OF NEW COMMON SHARES OF UP TO $971.1 MILLION - SEC FILING.  Full Article

Goldentree Asset Management discloses 9.3 pct stake in Brazilian carrier Oi SA - filing
Wednesday, 1 Aug 2018 

Aug 1 (Reuters) - Oi SA em Recuperacao Judicial ::GOLDENTREE ASSET MANAGEMENT DISCLOSES 9.29 PERCENT STAKE IN BRAZILIAN CARRIER OI WITHIN IN-COURT REORGANIZATION - FILING.  Full Article

Pharol Says Files Injunction Against Oi And Its Units In Portugal
Friday, 22 Jun 2018 

June 22 (Reuters) - Pharol SGPS SA ::INJUNCTION FILED AGAINST OI SA – IN JUDICIAL REORGANIZATION AND ITS SUBSIDIARIES IN PORTUGAL .INJUNCTION AGAINST OI SA – IN JUDICIAL REORGANIZATION REQUESTING SEIZURE OF GOODS, MONEY AND RIGHTS .  Full Article

Court Administrator For Brazil's Oi Declares Quorum For Creditor Assembly
Tuesday, 19 Dec 2017 

Dec 19 (Reuters) - Oi Sa ::COURT ADMINISTRATOR FOR BRAZIL CARRIER OI'S BANKRUPTCY CASE ANNOUNCES SUFFICIENT QUORUM FOR CREDITOR ASSEMBLY TO START.  Full Article

Pharol says ready for major dilution in Oi, to go along with cash call
Friday, 24 Nov 2017 

Nov 24 (Reuters) - Portugal's holding company Pharol Sgps Sa ::CEO Luis Palha da Silva says Pharol is ready for a significant dilution of its stake in Brazil's troubled telecoms giant Oi under the latest restructuring plan.nL1N1NR02U.Pharol will seek to keep a large stake in Oi, wants to take part in a capital increase..Pharol is the largest shareholder in Brazil's troubled telecom group Oi, where it holds a 27.2 percent stake..Pharol will ponder various options, consider financial instruments to come up with cash for the capital increase..Laments a lack of cooperation of some Oi bondholders..Says the latest plan answers bondholder concerns..  Full Article

UPDATE 1-Brazil telecoms regulator Anatel defends market solution for Oi

SAO PAULO, Aug 16 Brazilian telecoms regulator Anatel said on Friday it prefers a market solution for carrier Oi SA , which has been struggling to turn around its business since filing for bankruptcy protection in June 2016.